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Level 2

Intuit Payment Solutions Transaction Fees- How Do I Enter Them

I am reconciling my bank account for the first time. My bank statement shows entries for Intuit Payment Solutions Transaction Fees, which I assume are the fees Intuit charges me each time a batch of credit card payments to me are processed. My question is; how should I record these fees in QuickBooks Desktop Pro 2018? Thanks.

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Best answer November 23, 2020

Best Answers
QuickBooks Team

Intuit Payment Solutions Transaction Fees- How Do I Enter Them

Hello, Hull Diver. 

 

Thank you for reaching out to the Community. You can create an expense to record your processing fees that included the payment amount. Let me guide you how.

  1. Go to Banking.
  2. Click the Write Checks.
  3. Under Account click the drop-down menu. 
  4. Locate the Processing Fee, then enter the amount.
  5. Hit Save and Close. 

To learn more about your bank feeds and also for the bank transactions such as reconciling your bank account, you can visit our QuickBooks Desktop Help Article for the guidance. 

 

For future reference, you'll want to categorize bank transactions in QuickBooks: Add and match Bank Feed transactions in QuickBooks Desktop

 

Please let me know if you need further assistance with recording the fee. I'll be available to help you anytime. Have a great day!

View solution in original post

1 Comment
QuickBooks Team

Intuit Payment Solutions Transaction Fees- How Do I Enter Them

Hello, Hull Diver. 

 

Thank you for reaching out to the Community. You can create an expense to record your processing fees that included the payment amount. Let me guide you how.

  1. Go to Banking.
  2. Click the Write Checks.
  3. Under Account click the drop-down menu. 
  4. Locate the Processing Fee, then enter the amount.
  5. Hit Save and Close. 

To learn more about your bank feeds and also for the bank transactions such as reconciling your bank account, you can visit our QuickBooks Desktop Help Article for the guidance. 

 

For future reference, you'll want to categorize bank transactions in QuickBooks: Add and match Bank Feed transactions in QuickBooks Desktop

 

Please let me know if you need further assistance with recording the fee. I'll be available to help you anytime. Have a great day!

View solution in original post

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