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Accounting for Venmo Business

jitteryfeelingjitteryfeeling Member Posts: 1

How should I go about recording my transactions for Venmo Business (in which charges a fee), especially once transferring the income from Venmo to my banking account. My invoices on Wave is the amount prior to the fee charged by Venmo (ex: Invoice lists $500, payment received will be $490.40). When I mark this as paid on the invoice, it automatically creates a transaction saying it has been paid the amount, but that amount is different than what goes into my bank account. Any help here?

edited February 15, 2022 in Help Center Discussion
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