Paypal and accounts.

[ffureel]

If I receive payments from paypal , in my accounts , do I put the amount the client paid me, or the amount after paypal deduct their fees?

Cheers!

[marc williams]

You can just ask the buyer to add 3% for paypal charges
or you can absorb the fees it is up to you to decide.

[bb99]

If the customer has paid you £10 and you've ended up with £9 after fees then you should record turnover of £10 and a cost of £1 in your accounts.

[This assumes you're not VAT registered]

[MarkCo]

Yes, any paypal fees will be listed as costs of the product.

So you should show the full price you sold the item/service for and the fees are counted as costs of service/production