E-commerce
Direct Online Sale — Card Payment (Gross Method)
Recording a standard customer order paid by credit card through the website.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank (Net) | Asset (+) | 96.10 | - |
| Payment Processing Fee | Expense (+) | 2.90 | - |
| Sales Revenue | Revenue (+) | - | 99.00 |
💡 Accountant's Note
Always record the full sale price as revenue. The payment gateway fee (Stripe, HyperPay) is a separate selling expense. Recording only the net amount understates revenue and distorts gross margin.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.