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Customer fees

I am a driving instructor and get lesson fees either directly from the customer, or through a driving school I pay a franchise fee to. For the driving school jobs, I use Customer Jobs.

Each two week period, I invoice the driving school for each student that paid the school direct. I can then go to Customers/Receive payments to tick off each invoice against what they pay me.

However, the school deducts a franchise fee and pays me the difference. Where do I enter this franchise fee when I am in the receive payments screen? If not there, how do I deduct this franchise fee from the money owed?

Reply to
MrBitsy
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Keep doing as you are but make sure you've ticked Undeposited Funds when you receive payment. Receive payment in full as though no fee was deducted.

When you go to Banking > Make Deposits you select all the payments that make up your check. Drop down a line, enter an expense account called Franchise Fees (make it if you don't already have it), tab over and enter the total fee deducted as a negative amount. Save & Close.

-- Tara

Reply to
scfundogs

Lovely - thanks very much for pointing me in the right direction!

Could I just clarify a point though. When I enter the make deposits screen, I enter my driving school as a customer and click payments to choose the payment they have made to me. Under received from, I choose my driving school as a customer.

When I drop down a line, I have to enter my driving school again, but do I just choose my driving school as a customer, or should I create a supplier for them too - they have also charged me for some training as well as the franchise fee.

Thanks again.

Reply to
MrBitsy

You don't have to do any entry for the payments you received. Just make sure the date is correct then click Payments, select all the payments that equal the check amount less the fee. QB will autofill the "received from," account and amount.

Keep them as a customer for the fee. If you'll be paying them again for training/advertising anything like that then set them up as a vendor for those purchases.

-- Tara

Reply to
scfundogs

Clear now - thanks very much for taking the time to put me straight on this :-)

Reply to
MrBitsy

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