Our small association uses QB desktop and uses a third party to program and accept on-line conference registrations. Typically Net funds are ACH into our account where we use the "two line - three step" bank deposit method of assigning fees to the appropriate account resulting in the correct net of funds into our account.
This year because of ACH issues, our vendor mailed a paper check showing the gross income, less fees resulting in a net income number. Because we now have a cash deposit, what is the best way to account for the fees charged? Sales receipt won't allow expenses to come off and it seems clumsy to bill the vendor.
Suggestions?
