How to enter a vendor account statement with both income and expenses included.

Avolio

I sell livestock, they are sold through an agent. I get from the agent an account statememt along with a cheque for the proceeds of the sale of the livestock. My actual income is more than the cheque, but they have taken various fees out (vendor commission, transit insurance etc).
How do i enter this in wave??
Do i enter as an income with minus amounts for the expenses?
Thanks for your help.

AlexL

Hey @Avolio , so these are kind of like transaction fees, yeah? If so, you can set up different accounts for the fees that you're paying, each account representing a different fee. Check out this Help Center article on accounting for transaction fees which will break down how to set up the accounts and apply them to your transactions in Wave.