E-commerce
HyperPay / PayTabs Settlement (Net of Fee)
Recording the weekly bank deposit from a regional payment gateway after processing fees.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 4,850.00 | - |
| Payment Gateway Fees | Expense (+) | 150.00 | - |
| Receivable: Payment Gateway | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
Regional payment gateways like HyperPay and PayTabs hold collected funds and settle weekly. The gross receivable is cleared, the fee is expensed, and the net cash hits the bank.
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