How to split transactions with both income and expenses?
TerryK
Member Posts: 3
I'm an amazon seller and I'm trying to split my amazon payout but wave won't let me categorize expenses. The categories I'm trying to split to are Sales, Refunds and Fees which I created in my chart of account. It seems wave won't let me choose "Amazon Fees" as a category option since my amazon payout is categorized as a deposit which is recognized as income in wave. I also tried to do negative numbers but that didn't work either. Is this a limitation of Wave or am I missing something?
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Comments
Hey @TerryK . Check out our Help Center article on accounting for transaction fees which will explain the best way on how to break out these fees correctly.