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In August of 2018 a Federal Judge in Austin overturned that law for Texas. It made it all the way to the Supreme Court, they kicked it back down to the State and the judge overturned it claiming it was unconstitutional.
In August of 2018 a Federal Judge in Austin overturned this law. The case made it all the way to the Supreme Court. who kicked it back down to the state. At that point the judge overturned it saying it was unconstitutional.
Creating a separate line item places the amount into sales income on the P & L. Do you know how to avoid this?
Hi bvindas,
We can change the affected account for the charge item. Let's make sure it's not an income account. You can follow these steps on how to change it:
If it's your expense, you'll want to change it to an Expense account. Additionally, I'd recommend to seek help from an accounting experts. They can guide you on how to handle credit card processing fees and the proper way to record it. They can also advise you on what account should be use.
I'll be glad to work with you again.
What account should it be changed to?
Not Solved. Not sure why Rustler's reply got voted best answer when he doesn't even directly answer the question. Creating another charge item on the invoice for the CC fee simply means you will be charged a CC fee for the CC fee you put on the invoice. Plus, as a business owner I do not know how my clients are going to pay, and it may be different month to month, that is why we have options on invoices so putting a CC fee directly on the invoices is not practical. It should be added in after the fact in the merchant service account when the customer chooses to pay with a Credit Card. Intuit takes their fee and deposits the full invoice amount in the desired linked account.
Hi there, @APL.
Great to see you here in this conversation. I can see your post similar to this. Please refer to my answer on your post on this thread: Re: How do I add the credit card processing fee to an invoice without being charged the processin...
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