cancel
Showing results for 
Search instead for 
Did you mean: 
noah1
Level 1

How to record credit card processing fee properly

 
1 Comment 1
AldrinS
QuickBooks Team

How to record credit card processing fee properly

I've got you covered, noah1.

 

We have just the steps that'll help record the credit card processing fee properly. Allow me to walk you through the process:

 

Receive the payment

  1. Click the Plus (+) icon, then select Receive Payments.
  2. Enter all the necessary payment information and then check the invoice you want to be marked as paid.
  3. From the Deposit To drop-down menu, choose Undeposited Funds.
  4. Hit Save and close.

Make the deposit together with the fee

  1. Click the Plus (+) icon and then select Bank Deposits.
  2. You should see the payment you entered in the Select Existing Payments section at the top.
  3. Select the payment you want to deposit.
  4. From the Add other funds to this deposit section, enter the amount of the fee charged to you as a negative amount.
  5. From the Account section, select the Expense account where you want to record the fee.
  6. Verify that the deposit amount is correct.
  7. Click Save and close.

All of this information and more is available in our guide on how to enter a service fee.

 

That should do it. With these resources, I'm confident that you'll be able to record this like a pro in no time.

 

Keep in touch if there's anything else I can do for you. Thanks for reaching out, wishing you and your business all the best!

Need to get in touch?

Contact us