Topic: PayPal sales: how to book
Hi,
I have a small browser based game company. For our revenue we rely on micropayments, mostly using paypal, but also a few other providers.
At the moment I use GNUCash for my accounts, but I'd like to switch to a web solution.
At the moment I just export the daily sale amount to GNUCash, so for every day I have 2 transactions, one a sum of all my paypal sales, another the sum of all my paypal costs. I do not add transactions for every single sale.
However, now I'm wondering if it isn't better to make one transaction for every sale. I'm sure I can tweak some scripts that allows me to import all sales into frontaccounting. This way I also keep every paypal transaction in my accounts; the more detail, the better, right?
These sales are all to "end customers", so there is no need for invoices. I'm planning to create a customer called "online sales" or something and just put all these sales on this customer.
For my other services (social network sales, mobile sales, etc) I just create an invoice when I receive the money from them, so that doens't have to change.
How would you guys handle this? Should I do something differently?