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[Solved] What is the best way to record Membership receipts paid via an online or card payment system?

CT Support
(@slimjim)
Support Team Admin
Joined: 2 years ago
Posts: 154
Topic starter  
In this scenario, your organisation uses Zettle to receive payments from your members. The Zettle system charges a transaction fee which reduces the net receipt to your organisation.
 
Example: Bar Receipts
 
  Gross Receipts   Payment Card Fee Net Receipts
Bar Receipts  £100.00 £3.00 £97.00
 
To account for this in Clubtreasurer, we recommend creating a separate "Zettle" Account and record the Gross Receipts (income) and Payment Card Fee (expense) as separate lines in a Receipt/Payment batch against the Zettle Account.  The batch net amount (Net Receipts) will update your Zettle Account cash balance which you can then transfer to your Bank account when you do your banking (record this as an Account Transfer).
 
Example Receipt Payment batch with Gross (income/Receipt) and Fee (expense/Payment) lines: 
 
 
This topic was modified 1 year ago 2 times by CT Support

   
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