My main customer uses a third party company to process all of their invoices. This company charges a 1% processing fee on each transaction to process the payment in a timely manner. We agreed to this charge, but I am not sure how to record it in my books.
Example: I send the customer a bill for $36,789. They will pay $36421.11 and the invoice will be considered paid in full. When I record how much money we were paid, obviously we are short the $367.89 and it appears on quickbooks as amount still owing. How do show that it is paid in full but we are "technically" short that money as a service fee cost
