Original Title: Report for NET income by transaction code (with convenience fees removed)
This is absolutely vital for me to be able to do my accounting. There are plenty of reports on DSP that tell me how much I am charging for Tuition and Recital Fees (transaction codes), but there is nothing that tells me how much is actually transferring into my bank account, or my net income. I need to know the real amount I am making each month on tuition, and the real amount I have made from each season's recital. Another studio owner, Stacy Caudill, has requested this feature, but DSP has marked it "already exists." This feature does not exist, but it is necessary for true accounting. If I go into Merchant Services>Transfers, I can see the actual amounts that have been sent to my bank, but they are not sorted by Transaction Code. I need to know how much I have made from Tuition vs. Recital Fees. Thank you!
Please!!! Please breakdown my transfer details by transaction code! I know I can run a report to show income by transaction codes for a certain date, but that doesn't show the fee that was taken out!
For example:
Code "Monthly Tuition" - Gross Income $500 - Processing Fees $25.25 - Net Income "Monthly Tuition" $474.75
Code "Costumes" - Gross Income $2000 - Processing Fees $75 - Net Income "Costumes" $1925
Totals - Gross Income $2500 - Processing Fees $100.25 - Net Transfer Amount $2399.25
Please!! This would be so helpful for sales tax purposes and just all around for accounting!!