I have a confusion regarding what should be the correct accounting entry in the QuickBooks of the provided details.
ABC Ltd. provides IT related services (for e.g. website building using Wordpress)
Most of the clients are from out of India so the payments from clients are received through PayPal. Paypal then transfers the amount to the ABC Ltd.'s bank account after deducting its fee.
ABC Ltd. asks the client to buy the hours first and then they start working on the work provided by the client.
Now my question is
1) How the entries should be made in the Quickbooks for the Professional fee.
2) Do we need to first create the invoice in the quickbooks for the client or what?
Please clear my doubts and let me know if the question is not clear in any way.
Thanking you in anticipation.
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