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
- Click the Plus (+) icon, then select Receive Payments.
- Enter all the necessary payment information and then check the invoice you want to be marked as paid.
- From the Deposit To drop-down menu, choose Undeposited Funds.
- Hit Save and close.
Make the deposit together with the fee
- Click the Plus (+) icon and then select Bank Deposits.
- You should see the payment you entered in the Select Existing Payments section at the top.
- Select the payment you want to deposit.
- From the Add other funds to this deposit section, enter the amount of the fee charged to you as a negative amount.
- From the Account section, select the Expense account where you want to record the fee.
- Verify that the deposit amount is correct.
- 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!