OK, I've just purchased quickbooks to keep me better organized, and I've figured out a lot of it.
My one problem, however, is the invoicing/recording payments feature.
Ex: If I invoice a client for $500 and they pay me via paypal, a chunk of that is taken away by paypal fees. If I record that I received $500 in quickbooks, then it will show my bank account balance incorrectly.
I want to be able to see how much of my income is going to merchant fees.
My only idea on how to accomplish this would be to create a new expense account called Merchant Fees. Record the customer's payment, and then pay X dollars into the expense account, thereby taking it from my bank account. This would work, and will allow me to see exactly where my money is going, but I was just curious if there was an easier way...