visa fees

I know important it is to record merchant fees, jkemper. I'd be glad to assist you.

Recording merchant fees depends on how it appears on your bank statement. If the fee is recorded separately from the full payment, you can create an expense transaction for the amount.

Here's how:

1. Go to the + New button and then select Expense.
2. You can either add or leave the Payee field blank.
3. Add the correct account.
4. In the Category dropdown, select the account used to track the transactions.
5. Enter the Amount.
6. On the Customer/Project field, select the customer.
7. Make sure to uncheck the Billable box.
8. Once done, select Save and close.

On the other hand, if the fee reduces the customer's payments, you can create a credit memo to record the fee. Before proceeding, I'd suggest creating a Service item. Make sure to use an Expense account under the Income account field.

For your visual reference, I've attached a screenshot below.

In case you'll need assistance on the correct account to use. I'd suggest consulting an accountant. If you don't have one, you can use our Find-an-Accountant tool to look for an expert near you.

Additionally, I've included an article that'll help you check when QuickBooks deposits customer payments into your bank account. This ensures you're able to keep track of your income: Deposit Speeds.

Please let us know if you need assistance in tracking fees in QuickBooks. It's always my pleasure to help you out again.