Hi Guys,

Please assist...

We used to use a Capitec Card Machine for card payments. The client's card was swiped, and 2 days later the funds appeared in our bank account. I then allocate this payment straight to the client's account as a payment. At the end of the month, the fees and commissions were deducted once off for the transactions done that month, which I used to capture against the relevant expense account.

We have however cancelled the Capitec Card Machine, and acquired a new Yoco card machine. Yoco deducts their fee off every transaction BEFORE the payout. (For example, the client swipes for R2500.00, and R2415.19 is transferred to our account 2 days later.

If I allocate the R2415.19 to the client's account as a payment, there will obviously be a R84.81 balance.

What would be the right way to capture the above?