bridges this gap. It is a functional approach that emphasizes:
No need to reverse – just record the bank deposit. But for accurate P&L, you should have already recorded gross/fees. If not, use summary entry:
Uber does pay you the full fare a rider pays. Uber collects the fare, takes its fees (service fee, booking fee, etc.), and pays you the remainder.
bridges this gap. It is a functional approach that emphasizes:
No need to reverse – just record the bank deposit. But for accurate P&L, you should have already recorded gross/fees. If not, use summary entry:
Uber does pay you the full fare a rider pays. Uber collects the fare, takes its fees (service fee, booking fee, etc.), and pays you the remainder.
