Example: Allocating a credit card merchant feeTo account for bank charges or merchant fees, or to track interest on a bank loan, you can also allocate negative percentages and negative amounts in a rule. Example: Clearwater receives a regular credit card payment for servicing a customer’s water coolers. The amount of the payment varies, but a merchant fee of 1.5 percent is always deducted from the payment before it is deposited into Clearwater’s account. The rule set up below shows an allocation for the payment and a negative allocation of 1.5 percent for the merchant fee:
Note that as the total percentage allocated must equal 100, the percentage allocated for the service payment is 101.5 percent. In October, Clearwater received a payment of $443.96. When the rule is approved, the following transaction is created: Learn more about setting up rules |