tag:support.easybooksapp.com,2011-04-05:/discussions/questions/13546-entering-orders-and-paymentsEasy Books: Discussion 2018-10-18T20:08:46Ztag:support.easybooksapp.com,2011-04-05:Comment/419475312017-02-14T09:29:47Z2017-02-14T09:29:47ZEntering orders and payments<div><p>Let's start with the original sale. You should add the tax at
this point. To make sure you can, first check in the Business
Settings to make sure you've turned on GST. You can also set the
default percentage rates there too. And if you need to create more
tax accounts, you can do that by adding a new account in that
category (Tax rate on sale and Tax rate on purchase).</p>
<p>With that done, you should enter the sale as you are doing, but
choose the appropriate tax account as well.</p>
<p>Your example would then be:<br>
Sale $100 + tax $3 = $103 (to pay)</p>
<p>When you receive payment, you're not getting the whole amount
because of a $2 deduction from your payment company PayPal. This $2
is an expense which I would argue is a cost of gaining that
particular sale, so it goes in your "Cost of Sales" expense
account. This is a "direct" expense - look into "Indirect" expenses
yourself to find out the difference. Essentially the indirect
expenses are there whatever happens - lighting, heating etc. Direct
expenses are incurred when you make a sale - PayPal fees, delivery
costs etc.</p>
<p>To enter the payment, find the original sale. I'll tell you how
to handle it for the Mac app, you can probably figure out the iOS
app yourself, it's the same process.</p>
<ol>
<li>Right-click on the sale and add a payment using
<strong>Payments</strong> > <strong>Receive
Payment</strong>.<br></li>
<li>Set the date you received the payment.<br></li>
<li>Choose your PayPal account for Account 2 (which should be
already set up as a Bank Account).<br></li>
<li>Add a split.<br></li>
<li>In Split 2, change the account to "Cost of sales". Then for the
amount, set the value $2. As you do, you should notice the amount
in Split 1 decreases from $103 to $101. If it doesn't, or if you
receive just a partial payment, you can set these amounts
separately.</li>
</ol>
<p>Split 1 represents the money you receive into your bank account.
Split 2 accounts for the expense amount.</p>
<p>I hope that helps,</p>
<p>Mathew</p></div>Admintag:support.easybooksapp.com,2011-04-05:Comment/419475312017-02-15T02:02:20Z2017-02-15T02:02:20ZEntering orders and payments<div><p>Thank you. It works just right and I now have a better
understanding of what I am doing.</p></div>feaco11tag:support.easybooksapp.com,2011-04-05:Comment/419475312017-02-19T13:39:40Z2017-02-19T13:39:40ZEntering orders and payments<div><p>Would you mind if I opened this discussion up to being viewed by
the public? This would probably help other people too and I can't
see any personal information that would cause an issue.</p>
<p>Mathew</p></div>Admintag:support.easybooksapp.com,2011-04-05:Comment/419475312017-02-19T13:49:10Z2017-02-19T13:49:10ZEntering orders and payments<div><p>That would be fine with me. Being a business owner and not an
accountant, your answer was tremendously helpful. Go for it!</p>
<p>Thanks again</p>
<p>Frank</p>
<p>Sent from my iPad</p></div>feaco11