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09/07/10 10:49am PDT
Viewed by asker 09/07/10 12:46pm PDT

Monthly Revenue Journal Entry

I am trying to enter my revenue for the month thru a journal entry and I get a warning that I have to have a Customer assigned to a A/R account. How do I do that? The daily entries would be:

<dr> E-Merchant A/R for the net charges

<dr> Merchant Account Credit Card Fees

<cr> Membership Fees Revenue

After I post the journal entry I will download my bank transactions and should be able to match up my net charges. Am I going about this in the wrong manner?

1 Reply

Advanced Certified ProAdvisor

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09/07/10 11:13am PDT

Latest post

Do not use a journal entry. Go to record deposits. Since you are tracking your customers another way, just enter the total gross income to your sales acct., tab down and enter the merchant fees (bank service chgs) and a minus amount -$.... and this will give you the net deposit.

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Lynda Artesani
Artesani Bookkeeping

www.artesanibookkeeping.com

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