Retail
Split Payment — Cash and Card
A customer pays part of their bill in cash and the rest on a credit card.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Hand | Asset (+) | 29.00 | - |
| Cash in Bank (Card Net) | Asset (+) | 27.53 | - |
| POS Processing Fee (Card Portion) | Expense (+) | 1.47 | - |
| Sales Revenue | Revenue (+) | - | 50.00 |
| VAT Output Tax Payable (16%) | Liability (+) | - | 8.00 |
💡 Accountant's Note
Split payments require recording each payment method separately. Revenue and VAT remain unchanged — only the collection method is split.
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.