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Replying to:
Angelyn_T
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Thank you for joining the thread, @JVinsight.

 

I can guide you on how to record bank fees in QuickBooks Desktop.

 

Usually, there are multiple ways on how to record bank (Square) fees in QuickBooks Desktop. You can either create an expense account, add the amount when recording a deposit, or during reconciliation.

 

If you wish to record the fees through expenses or deposits, you need to create an expense account from the Chart of Accounts first.

 

Here's how:

 

  1. Open your QuickBooks Desktop, then select Chart of Accounts from the Lists menu.
  2. Click on the drop-down arrow under Account, then tap on New.
  3. Choose Expense, then enter the account's name.
  4. Hit Save and Close.

 

To record a check/expense:

 

  1. Select Write Checks from the Banking tab.
  2. Fill in the necessary details, then choose the account created.
  3. Enter the amount, then save the transaction.

 

On the other hand, to add the fees on your deposit:

 

  1. Go to the Banking tab, then select Make Deposits.
  2. Choose the payment you want to deposit, then hit OK.
  3. Enter the fees (expense account) on the second line.
  4. Input the amount, then click Save and Close.

But if you want to input the amount/s during reconciliation, you can enter it on the Service Charge field. For your reference, I recommend opening this link: Reconcile an account in QuickBooks Desktop.

 

For additional tips about managing banking transactions in QuickBooks Desktop, you can also open the topics from our help articles: Find help with bank feeds and reconciling accounts.

 

If you need additional help with recording payments and fees, please let me know by adding a comment below. I'm more than happy to help. Have a good one!

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