posted
Best answer February 22, 2021
Solved
Best Answers
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!
