I have two questions about the proper way to account for transaction fees (outgoing payments and incoming payments).
Paying for a purchase invoice
When spending money on a purchase invoice, can I add another line to the payment form to allocate the transaction fee to the bank charges expense account? Previously I have made one payment transaction for the purchase invoice, and a separate payment transaction for the bank fee. I just tried adding another line to the payment form and was able to record the payment and bank charges in one payment which saves time. Is this recommended?
Receiving money to PayPal and accounting for PayPal fee
When receiving money for a sales invoice I have previously made one payment receipt for the funds, and a separate payment to the PayPal Fees expense account. Is it possible to instead add another line to the payment receipt form, and allocate a negative amount to the PayPal Fees expense account?