Hi there, @CreativePrinters. I understand how challenging this situation with the delays and fees has been for your business. To make reconciling this lump sum easier, you can use the Bank Deposit feature. This tool allows you to bundle your individual payments into a single transaction that matches the exact net amount deposited by QuickBooks Payments.
To get started, go to + Create and select Bank Deposit, then check off all the relevant credit card payments. To adjust the total, go to the Add funds to this deposit section and add a line, selecting your bank fees or processing fees expense account. Once done, enter the fee amount as a negative number. For example, -15.00. This will change the deposit total to match the net amount received.
Regarding the separate fee debit appearing in your bank feed, please be cautious not to add it as a new expense, as this would double-count the fees you have already recorded in the deposit. Instead, categorize that bank feed transaction to the same fees expense account and ensure it reconciles against your bank statement. This keeps your books balanced and ensures your actual bank balance matches your QuickBooks records perfectly.
Please let me know in the comments if you have additional questions or concerns. We're here to help.
