Foreign payments less bank charges - how do I handle the invoices?

international transfer fees. Invoices arrive net. (The fee

Using Customers->Receive Payments leaves an apparent

I use a "Bad Debts" account for the difference. Expense if you are on accrual basis or income for cash basis. There should be a "Write off the extra amount" function when you receive payments. I find it very convenient.

Be careful with customers subject to sales tax. Ether issue credit memos, with properly taxed items, for the difference instead of writing off the amount, or use a separate Bad Debts account for each of the tax agencies and then claim deduction for that on the tax forms. Abroad customers are not subject to sales tax, therefore usually this is not an issue.

If anyone has recommendations on how to handle wire transfer underpayments better, I also would like to see it.

HTH

Definitely. My initial reaction to the "Write off the extra amount" was a concern that this would simply erase the difference - I apologise to QBPro. After checking the Help section, I discovered I can choose the account to "write it off to", so I'm treating it as a (third party) bank charge. Sales tax, fortunately, isn't an issue.