Hello, This is what I am trying to do in order to match sales receipts to bank deposits (from my post).
If you look at my post, I am using the expense accounts. I created a reoccurring sales receipt by putting the expenses (Ad, transaction, marketing etc.) under expense accounts and sales under income accounts. I am entered the expenses as negative on the sales receipt under products/services with the matching expense account under the income account section and the sales under products/services as positive under the matching income account section. Basically, I am putting the gross sales, less refunds, fees (advertising, marketing, software, transaction etc fees) to equal net ACH (same as net sales receipt). Has anyone ever done this? I am trying to make life easier with less journal entries. Thinking outside the box. I have all the expense accounts set up. I am just trying to put everything in a sales receipt template as the remits are done almost daily and I wanted to make a template to make it easier. Then the sales receipt goes to the correct expense and income accounts right when it is entered. I will match the deposit to the sales receipt as they will equal. Let me know what you think of this solution. Thank you!
