Payments

Thanks for joining the conversation, freshwatersensations,

I can help you record your credit card fee expense in QuickBooks Online.

There's just a few steps we need to do to get you all set! Lets say you have a $50 invoice and a $2 credit card fee, which gives you a $48 net bank deposit.

Step 1: Create the customer invoice.

1. Click the Plus (+) icon.
2. Select Invoice.
3. Enter the exact amount to be invoiced. (See screenshot below)

Step 2: Receive the payment.

1. On the invoice, click the Receive Payment button.
2. Select the correct invoice on the Receive Payment screen.
3. In the Deposit to field, choose Undeposited Funds.
4. Click Save and close. (See screenshot attached)

Step 3: Enter a Bank Deposit for the fee to relieve the balance from Undeposited Funds account to bank account. (See screenshot)

1. Click the QuickBooks Plus (+) icon.
2. Select Bank Deposit.
3. Mark the invoice payment you received previously from the Select the payments included in this deposit section.
4. Expand the Add funds to this deposit section to add a new line item.
5. In the Received From column, enter the credit card fee as a vendor.
6. In the Account column, add an expense account for the fee.
7. In the Amount field, enter a negative fee amount.
8. Make sure the deposit matches the net bank deposit amount.
9. Click Save and close.

That should get you on the right track, freshwatersensations. Please let me know if you need further assistance with recording the credit card fee. I'll be available to help you anytime. Have a great day!