Hello there,
I work in a "Swiggy" like company as an accountant.
My Company runs an online food ordering application on which people order food from different restaurants listed over the application. We do not charge any commission over the food orders received.
Payment against orders is received in company's paytm account which is disbursed via paytm on next day to the respective restaurant. Paytm charge commission on both payment "Making" and "Receiving" service for which it issues gst charged invoice at month end.
we provide delivery service for which we charge delivery charges per order.
I have doubt to whom I should make creditor and debtor, and should I record these events as purchase and sale.
Please help me in recording following transactions in tally by stating its journal entries.
Thanks in advance!
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Accounting Treatment
Replies (1)
one need to analyze agreement between your company, restraunts/food outlets & paytm, on that basis only one can advise suitable treatment. one thing why you mentioned only paytm, such transactions, consumers make payment through credit card/ debit card & net banking also.
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