Recipient created tax invoice

[scs]

I’ve just started to subcontracting for one of the local courier companies and received my first RCTI. I would appreciate some guidance on how to record it properly. I was thinking to create RCTI account as an income account, enter full amount as received, using Receipts tab/New receipt to reflect funds coming in. Than to create a new payment for the amount that was deducted (public liability/transit insurance). Am I on the right track?

Thanks in advance for any advice.

[VACUUMDOG]

I create a purchase invoice as per normal, give it a custom title (RCTI) and have added a custom field (circled) for the invoice number of the RCTI issuer.
I also attach a copy of the issuers RCTI.
My auditor (ATO auditor) has advised me that this is acceptable.

Hope this helps.

[scs]

Thanks Rob,
That is exactly what I was looking for.