I'm not sure of the best way to ask this. I saw some other posts, but they didn't quite match what I'm trying to do, and/or the responses didn't make sense to me.
Our merchant service processor started daily billing, you could still do monthly, but there were added fees. So when a batch is settled, the fees are automatically deducted from the batch settlement amount on the bank statement. Previously, when it was monthly billing, I just recorded the monthly debit amount in the Merchant Service Fees account.
I've seen people say to do a split when entering the payment, but that would decrease the amount in our Services income account. I don't want to see anything other than direct sale amounts in that account.
I'm thinking this would be done in a journal entry somehow, but I can't quite wrap my head around how to actually do it. I made a spreadsheet and entered the original customer payment amount, and subtracted the statement amount to see the fee amount. However, that's tedious and seems like it's double work, and I still don't know where to account for that fee without affecting the Services account.
