How to handle E-Commerce payments?

[lubos]

@Harsh_Kalra

But there is another thing that might create a problem. The money received from (lets say Amazon) is not the exact amount of the invoice, they deduct their commission and other charges and then transfer the payment.

That’s not a problem. You will need to add negative line item to capture these charges. This article covers it:

Receiving money in cash account

Money deposited in your bank account should be recorded under Statement balance column. [image] When you click on the amount under Statement balance column, you can click Receive money button to record new transaction. [image] Every recorded transaction must be properly categorized. For example, if you have received 1,200 from customer for sales, you would record it like this: [image] If you have received from customer 1,250 but bank has charged 50 fee, you need to split the transaction us…