Hi guys,
@Rea_M Thank you, for this...
@Jen72 This is how I handle the card payments.
I created a Control Account (I used a "cash and cash equivalent") and called it "Yoco Payments".
When I receive the card payment, I use the "Yoco Payments" account to receive the payment as the customer paid that full invoice amount. It shows as a deposit in the bank feed.
When I find the payment from Yoco on my bank feed, I allocate it to the "Yoco Payments" account. It shows as a payment in the bank feed. The Account balance is the amount that Yoco deducted as commission.
At the end of the day/ week/ month, I create an expense (Yoco Commission as Payee and Bank Charges: Yoco Commission as expense Account) for the "ending balance" amount to "zero" the Yoco account.
The Yoco Payments account and the report from Yoco can also now be reconciled.
I hope this helps.
