Confused by what is Fee Amount and Fee Account in Cash Sales, Sales Payment, Cash Purchase, Purchase Payment, Money In and Money Out?
Don't worry we got you covered! |
Fee Amount - How much charges when payment was made or received Fee Account - Which expense account you want to choose for the payment charges |
Payment ReceivedSituation:
Record the payment received from customer:Sales > Payments > +New
Under Payment Received, can key in like below:Payment Method : Bank Transfer Deposit To : Bank Account Amount : RM 800 Fee Amount : RM 2 Fee Account : Bank Charges
 After Save, you can check the double entry by clicking the symbol here
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Payment MadeSituation:
Record the payment made to supplier:Purchases > Payments > +New
Under Payment Made, can key in like below:Payment Method : Bank Transfer Pay From : Bank Account Amount : RM 500 Fee Amount : RM 1.50 Fee Account : Bank Charges
 After save, you can check the double entry by clicking the symbol here
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