Journals

Leonora

Good Day
I need help please as I am very new with accounting.
We receive payments via our Yoco card machine. Yoco takes a fee on each transaction.
Example: Customer was invoiced for R1205 Yoco fee on this is R40.87 balance paid to our account is R 1164.13.
I recorded the payment for R1164.13 now I have to journal the R40.87 to balance my invoice, how do I do that please

JulianP

Hey @Leonora !

It sounds like you are trying to account for transaction fees in Wave. What you'll need to do is record a transaction split. We have a great Help Center article with instructions that you can check out here: How to account for transaction fees