Whn receiving funds into the bank, especially from platforms such as paypal, these are received net of charges: e.g. Customer pays £25.00 but we get paid £24 and Paypal pockets the £1.
Ideally we would process this as a 'split' with £25.00 Credited to Income and £1.00 debited to Bank charges, but Sage Accounting Start cannot do this. We either have to post the receipts net (urgh, as loss of audit trail) or post a separate journal covering the bank charges (urgh , as this requires extra effort will be prone to inconsistency)
PROPOSAL
When processing bank transaction splits allow both debit and credits to be entered.
Guest
I receive a lot of payments where this is the case - every time I have to raise a credit note to write off the shortfall and enter a separate other payment for the bank charges!
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I have looked at another online cloud accounting system - 'Quickfile' that does provide this feature. It is there likely that I will move to this plaform at our year end .
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