12/31/2023 0 Comments Paypal transaction fee 1.00from the feed), you can either tag them all to this invoice, or you can delete them and enter one lump payment of the £250.00 as money coming into the new bank account (created above). If you have individual transactions in your PayPal account (e.g. Refer to the fixed fee table listed under ‘commercial transaction’ above. In this example, I’ve opted for one client, with my invoice looking like this: If the transaction currency is not in UK pounds sterling (GBP), the fixed fee will be different based on the transaction currency. You can create this for a generic client, something like ‘eBay Sales’, or if you’d prefer, you can create a new invoice for each client that you made a sale to. So if you know that in May for example, you made sales worth £250.00 with fees fo £15.00, you can create one invoice for the month (dated on the last day). If you have a lot of sales, you can lump these together. If you haven’t already, set up a new bank account on QuickFile for PayPal: If that’s incorrect, please let me know and I’ll revise my answer below. Ok, from what I understand, you receive payment via PayPal for your sales (minus PayPal fees), but you also pay eBay fees on a monthly basis by Direct Debit from your bank account. Some users find it easier to do this on a weekly basis, but the important thing is to make sure your invoices don’t cross periods (e.g. In essence, you’d treat it like any other shop, and can log the income daily. You don’t need to raise an invoice for every customer. Otherwise, something along the lines of “ebay fees, xx/xx/xxxx - xx/xx/xxxx” should be OK
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