Re: How to deal with Paypal fees/cashback

[Chris Bennett <..hidden..>]

OK I created an expense account with AP_amount under expenses
and an income account with AR_amount under other revenue.

Is that the right setup?

Chris Travers wrote:
> I would just use GL transactions, against a bank charges and an
> interest account.
>
> On Sun, Feb 8, 2009 at 6:49 PM, Chris Bennett
> <..hidden..> wrote:
>   
> > I use a PayPal business account to accept credit cards.
> > As a business account, I have a debit card that immediately accesses
> > those funds.
> >
> > Paypal is mildly inconvenient, but has very low fees and easy to set-up.
> > They charge me something like 3% plus $0.25 for each payment.
> >
> > 1. When I use the debit card as a credit card for purchases, I get 1% back.
> > 2. No plus or minus as debit card.
> > 3. ATM fees as normal for cash withdrawals.
> >
> > Any advice on how to set this up well?
> > There are few fees per month, but an awful lot of small cashbacks
> > to keep track of.
> >
> > The amounts involved in fees/cashbacks are really not very large.
> > Would it be appropriate to dump this into something like an overhead
> > expense?
> >
> > Chris Bennett
> >
> >