If you receive income where fees have been deducted, e.g. by a third-party agent, you can split the analysis of the transaction between the gross income and the fees deducted as shown below.
If you are using the P+R transaction
Ignoring VAT for the purpose of the example, enter:
Total |
VAT |
Analysis |
Net income received |
Gross income before deduction of fees |
|
Deduction of fees (this should be a minus figure) |
For example, for gross income of 100.00 with a deduction of fees of 20.00 (net income: 80.00):
If you are using the REC / SIN transaction
Ignoring VAT for the purpose of the example, in the header, enter:
Total |
Output VAT |
Net |
Net income received |
Net income received |
In the analysis of net amount section, enter:
Amount |
Gross income received |
Deduction of fees (this should be a minus figure) |
For example, for gross income of 100.00 with a deduction of fees of 20.00 (net income: 80.00):
