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Transactional charges.... How to deal with them

Paul   ( User )

Commented 5 years ago

So Im new to using Akaunting and i'm struggling with how to deal with transactional charges.


So if I receive a payment against an invoice into my Stripe Account OR my Paypal account, the amount I am paid by the customer might be correct, but the actual amount I receive is usually lower due to transactional charges.

Surely, when a payment is recorded it should be asking how much was paid, and how much has actually been received?

Please advise the best way to get around this.


Bryan Nazar   ( User )

Commented 5 years ago

Hi Paul:

I had the same issue with PayPal, I just marked the invoice as PAID, and then I make a EXPENSES->PAYMENT with the amount of the transaction fee. 

I hope this was helpful for you.

Paul   ( User )

Commented 5 years ago

This was what I feared.  

Almost EVERY incoming payment has a transactional fee (either due to PayPal or Stripe).

I hoped to be able to import expenses file with all transaction fees but alas the import function always returns an error. :-(

Paul   ( User )

Commented 5 years ago

It would be really useful if the payment fee could be specified at the point of adding a payment as it means that the transaction amounts will of course be incorrect and it requires an additional process now for EACH credit. 

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