Can I add a field to post the Gross amount or a royalty payment in addition to the Net amount?

tmiller225

I receive Net amounts after deductions from mineral royalty payments and those are posted as deposits. I would like to have a way of posting the Gross amount before deductions so that when I run year end reports I can verify the amounts shown on the 1099 forms.

Tom Young

You enter the net amount as a deposit into your checking Account and then "split" the deposit. 

The first entry in the split, a positive amount greater than the net amount, is the gross royalty and you'd assign that to whatever Category you wish like "Gross Royalty."  The second amount, a negative number, posted to an appropriate Category, brings the total amount back to the net you've already entered in the register.