Hi
I have a business where I get money back for my customers in respect of ppi charges etc. I have a specific bank account where the money is paid in, I then pay my fees to my main business account & send a cheque for the remainder to my customers.
Just wondering how I record the client money in my accounts? I have an accounting package which I use, it has areas for current account, savings account, credit card account & cash account.
Thanks
I have a business where I get money back for my customers in respect of ppi charges etc. I have a specific bank account where the money is paid in, I then pay my fees to my main business account & send a cheque for the remainder to my customers.
Just wondering how I record the client money in my accounts? I have an accounting package which I use, it has areas for current account, savings account, credit card account & cash account.
Thanks