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    bonnier Posts: 1, Reputation: 1
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    Feb 3, 2011, 08:06 AM
    Deposits and Fees for Salon Business
    I have merchant deposits and merchant fees, when I post these should I debit the deposit in the expense account and credit the bank for the deposit, when pay do I credit the expense and debit bank, to wash the accounts

    Same goes for others that we pay and get money back, should it be handled the same way?

    Thanks,
    Bonnie

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