I factored my invoice - how do I record their fee deduction?
Hi
I work with 2 factoring companies.
Company A deducts 2% off my invoice before sending me the remaining balance and they do send me an invoice to show the 2%.
Company B deducts 10% off my invoice before sending me the remaining balance and they do not send me an invoice to show the 10% deduction.
Because of this, I currently have uncategorised deposits that do not match the sales invoice amounts. What is the best way to handle this situation for both companies?
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