When I receive wires the wire cost is deducted from the amount. This means the invoiced amount never matches the paid amount. How do I record wire fees properly?
Example I invoice my customer for $1000. He pays me via wire and I receive $950. I never see the wire fee but I know that is why it is $50 short. How would I record this missing $50 to mark the balance as paid and also make sure I record it as a cost of doing business for taxes?