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When I issue a refund via the Paypal website, Paypal refund the fees which were paid to them to the customer less 20p (admin charge), I refund the remainder to make up the total balance paid, which is the transaction value less fees + 20p.
Thank you very much for your response
Please forgive my ignorance but I have a question.
What about the Paypal fees which were paid to the Paypal fees nominal code (7909) during the initial processing of the order? Do the fees associated with the order being refunded (less 20p) also need to be...
I have a very small business and I very recently switched over to Sage for accounting purposes (I was doing everything manually with spreadsheets etc before hand) and I am feeling a bit overwhelmed with all the terminology etc.
I think it will be a good idea to give you an explanation of how I...