David Harries
Level 1

accounting for credit card surcharge via POS & Lightspeed

Hi 

 

I have a scenario where the business uses lightspeed POS and lightspeed payments. The lightspeed payments terminal automatically adds on the surcharge to each transaction. There is no automatic integration between QBO and Lightspeed and the business has just been posting the net amount sent to the bank account (minus fees & GST) to an income account in QBO. Is there a better way to handle this?