Hi again — I followed your advice, however, when I went to check to see how the amounts were posted, I noticed that both the factoring and dispatch fees are being applied as deposits and not expenses. If when I run the “expenses by vendor” report it doesn’t show i those expenses because they are not set up,as vendors. They show up as deposits (in deposit detail report). Should I be setting them up as vendors and then invoicing them so that these “deposits” can be applied to them and be posted as the payments they were.? If so, how will it capture those payments as expenses—which will be deductible as “cost of doing business” or “expense”? Please advise. Thanks.
... View more
I have a similar problem and need help. I have a trucking company and we pay a dispatcher (dispatch fees) and a factoring company (factoring fees) for their services and these “expenses” are automatically deducted from invoice total. Example, the total invoice for “x” delivery is $1000, however, it is the factoring company processes the payment and automatically deducts the “fees,” therefore, actual payment to us (ach) is the $1000 minus the $80 dispatch fees and $20 factoring fee—net deposit: $900. I need to make the invoice match the deposit amount but still reflect the pmt made to dispatch and factoring. Help please
... View more