Commision Deducted From Merchant Service Transfer

by Iain Gordon
(Wembley)

Hi, Using Sage line 50.
Have recived statement from our merchant service (PDQ).
They have deducted their commision / charges from the money obtain from credit card sale and then passed on the remainder.

How do I show this within Sage?
Customer account will show 100% payed.
But bank account / allocation will differ.
Do I create a purchase invoice?

Many thanks for any help in this.

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by Gaile
(Wisconsin, USA)

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(Canada)

I bought a work vehicle in February and I am going to start official bookkeeping as of July 1st. What will be my bookkeeping entry to transfer my vehicle officially to the business?

I know that I will debit our vehicle asset account at the FMV but I am unsure of the account that will need to be credited.

Thanks in advance for your help!

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