posted
Best answer February 22, 2021
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Nice to have you here, CourtneyH.
Let's create an income item for the stipe fee that you will collect. Then, on your sales receipt, add the 4.5% rate to the next line under your item.
For the steps on how to create an item, you can refer to this article: Add product and service items to QuickBooks Online.
Next is to apply the item on your sales receipt. I'll show you how to do it below:
- Go to the +New icon and select Sales receipt.
- Fill in the necessary information including Products and Service items, Rate, and Amount. See screenshot below:
- Click Save and close.
Once done, create a Bank Deposit and deduct the Stripe charge which is 3.65% under Add funds to this deposit section.
Here's how:
- Go to the +New icon and select Bank Deposit.
- Mark the invoice payment you received previously from the Select the payments included in this deposit section.
- Expand the Add funds to this deposit section to add a new line item.
- In the Received From column, enter the credit card fee as a vendor.
- In the Account column, add an expense account for the fee.
- In the Amount field, enter a negative fee amount.
- Make sure the deposit matches the net bank deposit amount.
- Click Save and close.
Check out this article to learn more about how to enter a bank service fee when using third-party merchant service for accepting credit card payments: Enter a bank service fee while using a third-party merchant service.
If you need other references in the future, please feel free to visit our site: Help articles for QuickBooks Online.
Please let me know if you have any additional questions or concerns. I'm more than willing to help. Have a great day!
Nice to have you here, CourtneyH.
Let's create an income item for the stipe fee that you will collect. Then, on your sales receipt, add the 4.5% rate to the next line under your item.
For the steps on how to create an item, you can refer to this article: Add product and service items to QuickBooks Online.
Next is to apply the item on your sales receipt. I'll show you how to do it below:
- Go to the +New icon and select Sales receipt.
- Fill in the necessary information including Products and Service items, Rate, and Amount. See screenshot below:
- Click Save and close.
Once done, create a Bank Deposit and deduct the Stripe charge which is 3.65% under Add funds to this deposit section.
Here's how:
- Go to the +New icon and select Bank Deposit.
- Mark the invoice payment you received previously from the Select the payments included in this deposit section.
- Expand the Add funds to this deposit section to add a new line item.
- In the Received From column, enter the credit card fee as a vendor.
- In the Account column, add an expense account for the fee.
- In the Amount field, enter a negative fee amount.
- Make sure the deposit matches the net bank deposit amount.
- Click Save and close.
Check out this article to learn more about how to enter a bank service fee when using third-party merchant service for accepting credit card payments: Enter a bank service fee while using a third-party merchant service.
If you need other references in the future, please feel free to visit our site: Help articles for QuickBooks Online.
Please let me know if you have any additional questions or concerns. I'm more than willing to help. Have a great day!
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