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Hello @MR19,
There are two ways to record your credit card fees in QuickBooks. Let me share them with you so you can get started.
- Creating a journal entry.
- Creating a deposit.
To begin with, you'll want to make sure you have an expense account for your merchant or credit card fees in your chart of account. Here's how to record it as a journal entry:
- Go to +New, then Journal Entry.
- Debit the fees from your Checking Account and Credit to your Expense Account.
- Description column is optional.
- Click Save and close.
To record your fees as a deposit, here's how:
- Go to +New, then Bank deposit.
- Scroll down to the Add funds to this deposit section and choose your expense account under the Account column.
- Description is optional, enter the fees under Amount column.
- Hit Save and close.
Please see attached screenshots at the bottom. You can also read this article about matching and categorizing bank transactions in QuickBooks Online for your reference.
Feel free to leave a comment anytime if you have questions. I'd be sure to reply as soon as I can. Enjoy your weekend.
