We have recently purchased SumUp card reader - what is the best way to record transactions in Clubtreasurer - how
to breakdown charges say transaction to club of £10 - payment recvd in club bank account £9.83, where do i put the
sumup charges?
Hi TerryC,
Please have a look at this tutorial. It discusses how to import transactions from payment systems (you will probably want to do this if you have a lot of transactions); however, the approach is the same if you do this manually, ie. you create a Receipt/Payment batch with 1) Receipt line (eg "Sales") of £10 and 2) Payment line (eg. "SumUp Charges") of -£0.17. The net amount for the batch is £9.83.
I've been using that same approach for recording my SumUp payouts (currently set to weekly). I'm considering moving to monthly payouts, leaving me with an unreported credit balance on SumUp between payouts.
SumUp will allow me to download transaction reports as CSV files. If I created a new cash account for the SumUp, I could import the transactions there on a daily or weekly basis and then just do a transfer to the bank account for the net amount and SumUp charges to the Bank Charges nominal. Broadly speaking, the same process that I use for cash receipts at the till.