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Credit Card transaction fees are not recorded separately in Banking Report. Are these fees automatically entered in batches?

 
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QuickBooks Team

Credit Card transaction fees are not recorded separately in Banking Report. Are these fees automatically entered in batches?

Hello there, roger3!


I'm here to address your concern about the posting of your credit card transaction fees. 

 

When you say Banking report, are you referring to your bank statement? If so, the credit card transaction fees won't generally show here since they're usually deducted before being deposited to your bank.

 

To match the amount in your bank statement with those payments downloaded in QuickBooks Online, you need to resolve the difference. You can opt to do it from the Make Deposit or Banking screen. 

 

From the Make Deposit window:

  1. Go to the Gear icon, then Bank Deposit
  2. Select the Bank Account you want to deposit the payments.
  3. Choose the payment you want to include. 
  4. Scroll down to Add funds to this deposit section.
  5. In the Account column, enter Credit Card transaction fees.
  6. Enter the amount as a negative
  7. Click Save and close (see screenshot 1 below).

From the Banking screen:

  1. Go to Banking in the left panel, then Banking
  2. Toggle the Bank account you need. 
  3. In the For Review section, locate the downloaded amount. 
  4. Select the Find Match radio button. 
  5. Put a check mark in the payment/s you need. 
  6. Turn on the Resolve radio button
  7. In the Add resolving transactions pop-up section, choose Credit Card transaction fees in the Category drop-down.
  8. Enter the amount negatively.
  9. Click Save and Close (see screenshot 2).

That's it! You should now be able to record the credit card fees and match them accordingly. 

 

Please give these steps a try and let me know how things go. You can also get back to me if you're referring to something different. I'll be around! 

 


 

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