Let me share some information about recording credit card fees, bshelmer
You'll be charged for a processing fee every time a payment is processed. However, if you'll want to charge your customer the credit card processing fee, we can manually add the fee on the invoice. To begin, you'll have to create an expense account where you can post the fee. To do so, you may follow these steps:
- From the Accounting menu, select Chart of Accounts.
- Click New.
- On the Account Type, select Expense.
- On the Detail Type, choose the type of your account.
- Enter the name of your account.
- Once you're done, select Save and Close.
Then, create a service item for the credit card fee, you'll have to select the account you've created as an income account.
- Go to the Sales menu and then select Products and Services.
- Select Service.
- Enter the name for your item.
- Select Save and Close.
Once done, add the fee to the invoice. Here's how:
- Go to the + New icon and then select Invoices.
- Select the name of the customer.
- Enter the necessary information.
- Add the service item that you've created on the second line.
- On the Amount column, add a negative sign on the fee (-2.75).
- Once you're done, select Save and Close.
To learn more how credit card processing fee works in QuickBooks, please check out these articles:
If you have any additional QuickBooks-related concerns, feel free to click the REPLY button below. I'm more than willing to assist you again to improve your experience here in QuickBooks. You have a good one.
