Hi there, @ML222. Congrats on the $20,000! That's so wonderful to see you achieved your goal!
For this one, I recommend consulting with your accounting professional. Your accountant will know the best process to take when handling situations like this. If you don't have an accountant, don't sweat it. You can find one here in our Resource Center.
However, I wanted to share that some of our users have found it beneficial to add a negative line item to the income transaction in QBO, which would represent the credit card fee. You can add those fees to each income transaction and see if everything will match up.
Another solution users have found is to create a service item that represents your credit card fee and manually add it to invoices. I've included some steps to create the service item below.
- On the left navigational bar, go to Get paid and & pay tab.
- Choose Product & Service.
- Click on New, then select Service.
- Enter the name of your service item. (Example CC Fee)
- Select the account you'd use to track the processing fees.
- Once done, click Save and Close.
You'll want to run these solutions by your accountant to ensure they fit your business needs.
Let me know if you have any follow-up questions. Take care!
