How to report test transactions
Our business is an online membership-based one
When we began processing payments we made few initial test transactions with our card
Since then those transactions keep showing as we set them up on recurring
My question is how to report those test transactions. How about creating an account in the Chart Of Accounts named 'Membership and Subscriptions' and classify it under 'Uncategorized Expenses'
Those transactions are included in the Sales Revenue so they must be offset on the expense side.