i have a company file I have created. This is for a new business. When I selected the chart of accounts, I picked the one related to photography, which is what we are doing, drone photography and videography. Now, unlike the other companies I have and their chart of accounts in Quickbooks, this chart of accounts created a Cost of Goods item called Merchant Account Fees.
I have always had to create accounts in my chart of accounts to use for Square, Paypal, Intuit Payment, etc. and I have always placed those as sub-accounts of Bank Service Charges. So I remove the pre-created Merchant Account Fees that was put into the chart of accounts, or should I leave it in there and put my Square, Paypal, Intuit Payment and other's as sub-accounts to it and only use the Bank Service Charges for my actual checking account?
