I use cash accounting and try record my weekly transfer from Worldpay. I use “ Split “ for 20% and 0% Sales, but could not enter merchant fees with “-” . Thanks for help

Hello, sorry to ask stupid questions, and my english, I am german.

When I am preparing my VAT return (cash accounting) ,  I post for every month:

Worldpay Internet Sales to Undeposited Funds Worldpay    

and

Merchant fee Worldpay  to Natwest Bank. 

I kmow that for the 1: posting, I need to reconcile later and for the fees no more reconcilation necessary, but I am asking myself is this correct. shouldn t I record.

Merchant fees to Undeposited Funds Worldpay?

Still dont know what to do with the money which is sometimes hold back from Worldpay for futures chargebacks, and later paid out with another batch transfer. Maybe Worldpay Sales to Worldpay deposit acccount, but what to do with VAT? 

sorry as well for my english

thanks

Hello again, @kgar.

To add the credit card processing fee on your invoice, you'll just need to add another line on the transactions field so you can enter the details and amount. 

Let me walk you through the steps:

1. Click on the Plus icon.
2. Select Invoice.
3. Select the name of the Customer.
4. Under the transaction details, enter the original invoice amount.
5. Add another line and enter the credit card processing fee amount and indicate it on the description field. Make sure that the account used is under bank fee expense.
6. Then Save.

However, if you're using the merchant services when processing payments for invoices, being able to add the credit card processing fee for your customer's invoice isn't applicable. This is because the credit card processing fees are charged every time you do a transaction. 

As for the VAT, I highly suggest consulting your accountant or accounting professional for guidance. Your accountant can provide more expert advice in dealing with this concern.

If you have more questions about this concern, just leave a comment below. I'm always here to help. Take care!