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Question

Rectify the calculated Net Profit to reflect transaction fees

  • August 23, 2024
  • 2 replies
  • 23 views
Keem Kenneth Santos

The calculated Net Profit in the Profit & Loss tab  is not accurate as transaction fees are not reflected.  The total income is still showing the full amount before applying the transaction fees.  I hope that this be rectified soon as it is important to have a correct tracking of the net profits.

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      2 replies

      Geily Romero
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      Hi! 👋 You could try pulling a “Payment Completed” reports, that’ll show you the gross, fee, and net amounts. 

      Geily (Haley) *Financial Advisor & Consultant* l www.cuttingedgefinancialsolutions.com
      Keem Kenneth Santos

      Thanks, Geily. My concern is more on the accuracy of the Net Profit reporting to track our financial performance.  While the transaction fees are recorded under the “Payment Completed” reports, it is not accounted for in the Net Profits calculated by Honeybook and shows a wrong value.

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