Customer fees

Posted by MrBitsy on October 16, 2006, 1:59 pm

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I am a driving instructor and get lesson fees either directly from the
customer, or through a driving school I pay a franchise fee to. For the
driving school jobs, I use Customer Jobs.

Each two week period, I invoice the driving school for each student that
paid the school direct. I can then go to Customers/Receive payments to tick
off each invoice against what they pay me.

However, the school deducts a franchise fee and pays me the difference.
Where do I enter this franchise fee when I am in the receive payments
screen? If not there, how do I deduct this franchise fee from the money
owed?

--
MrBitsy

Posted by scfundogs on October 16, 2006, 3:02 pm

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> I am a driving instructor and get lesson fees either directly from the

> customer, or through a driving school I pay a franchise fee to. For the

> driving school jobs, I use Customer Jobs.

> Each two week period, I invoice the driving school for each student that

> paid the school direct. I can then go to Customers/Receive payments to

> tick off each invoice against what they pay me.

> However, the school deducts a franchise fee and pays me the difference.

> Where do I enter this franchise fee when I am in the receive payments

> screen? If not there, how do I deduct this franchise fee from the money

> owed?

Keep doing as you are but make sure you've ticked Undeposited Funds when you
receive payment. Receive payment in full as though no fee was deducted.

When you go to Banking > Make Deposits you select all the payments that make
up your check. Drop down a line, enter an expense account called Franchise
Fees (make it if you don't already have it), tab over and enter the total
fee deducted as a negative amount. Save & Close.

--
Tara

Posted by MrBitsy on October 16, 2006, 5:11 pm

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scfundogs wrote:

>> I am a driving instructor and get lesson fees either directly from

>> the customer, or through a driving school I pay a franchise fee to.

>> For the driving school jobs, I use Customer Jobs.

>> Each two week period, I invoice the driving school for each student

>> that paid the school direct. I can then go to Customers/Receive

>> payments to tick off each invoice against what they pay me.

>> However, the school deducts a franchise fee and pays me the

>> difference. Where do I enter this franchise fee when I am in the

>> receive payments screen? If not there, how do I deduct this

>> franchise fee from the money owed?

> Keep doing as you are but make sure you've ticked Undeposited Funds

> when you receive payment. Receive payment in full as though no fee

> was deducted.

> When you go to Banking > Make Deposits you select all the payments

> that make up your check. Drop down a line, enter an expense account

> called Franchise Fees (make it if you don't already have it), tab

> over and enter the total fee deducted as a negative amount. Save &

> Close.

Lovely - thanks very much for pointing me in the right direction!

Could I just clarify a point though. When I enter the make deposits screen,
I enter my driving school as a customer and click payments to choose the
payment they have made to me. Under received from, I choose my driving
school as a customer.

When I drop down a line, I have to enter my driving school again, but do I
just choose my driving school as a customer, or should I create a supplier
for them too - they have also charged me for some training as well as the
franchise fee.

Thanks again.

--
MrBitsy

Posted by scfundogs on October 16, 2006, 7:52 pm

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> scfundogs wrote:

>> Keep doing as you are but make sure you've ticked Undeposited Funds

>> when you receive payment. Receive payment in full as though no fee

>> was deducted.

>> When you go to Banking > Make Deposits you select all the payments

>> that make up your check. Drop down a line, enter an expense account

>> called Franchise Fees (make it if you don't already have it), tab

>> over and enter the total fee deducted as a negative amount. Save &

>> Close.

> Could I just clarify a point though. When I enter the make deposits

> screen, I enter my driving school as a customer and click payments to

> choose the payment they have made to me. Under received from, I choose my

> driving school as a customer.

You don't have to do any entry for the payments you received. Just make
sure the date is correct then click Payments, select all the payments that
equal the check amount less the fee. QB will autofill the "received from,"
account and amount.

> When I drop down a line, I have to enter my driving school again, but do I

> just choose my driving school as a customer, or should I create a supplier

> for them too - they have also charged me for some training as well as the

> franchise fee.

Keep them as a customer for the fee. If you'll be paying them again for
training/advertising anything like that then set them up as a vendor for
those purchases.

--
Tara

Posted by MrBitsy on October 18, 2006, 5:44 pm

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scfundogs wrote:

>> scfundogs wrote:

>>>

>>> Keep doing as you are but make sure you've ticked Undeposited Funds

>>> when you receive payment. Receive payment in full as though no fee

>>> was deducted.

>>> When you go to Banking > Make Deposits you select all the payments

>>> that make up your check. Drop down a line, enter an expense account

>>> called Franchise Fees (make it if you don't already have it), tab

>>> over and enter the total fee deducted as a negative amount. Save &

>>> Close.

>> Could I just clarify a point though. When I enter the make deposits

>> screen, I enter my driving school as a customer and click payments to

>> choose the payment they have made to me. Under received from, I

>> choose my driving school as a customer.

> You don't have to do any entry for the payments you received. Just

> make sure the date is correct then click Payments, select all the

> payments that equal the check amount less the fee. QB will autofill

> the "received from," account and amount.

>> When I drop down a line, I have to enter my driving school again,

>> but do I just choose my driving school as a customer, or should I

>> create a supplier for them too - they have also charged me for some

>> training as well as the franchise fee.

> Keep them as a customer for the fee. If you'll be paying them again

> for training/advertising anything like that then set them up as a

> vendor for those purchases.

Clear now - thanks very much for taking the time to put me straight on this
:-)
--
MrBitsy