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mddrodrigues
Level 1
posted
‎March 17, 2022 04:44 PM
last updated ‎March 17, 2022 4:44 PM

Merchant Fees

Hello.

Should I record merchant account charges and fees under "merchant account fees... the cost of goods sold" or should I record them under "bank service charges"?

Thank you!

 
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2 Comments 2
Rustler
Level 15
‎March 18, 2022 03:50 AM

Merchant Fees

They are merchant fees expense, and are not cost of goods

 

A merchant fee has nothing to do with the cost of what you sell, which is what COGS is all about

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mddrodrigues
Level 1
‎March 18, 2022 07:28 AM

Merchant Fees

Hi! Thank you for your reply. Can I add to details type as a bank fee?

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