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L
Long time user1
April 11, 2024
Question

Credit card fees

  • April 11, 2024
  • 1 reply
  • 0 views

The company I work for has a credit card fee expense account, but the customer is charged that fee. The sales invoice does not reflect that fee charged to the customer. How can I offset that fee expense? What account would I debit if I credit the expense account to zero it out?

1 reply

J
JoanaC
April 11, 2024

Hi there, Long time user1. I will be the one assisting you today regarding your credit card fees.

 

As you've mentioned, you already have an expense account for credit card fees. We can add the fee expense to the corresponding invoice.

 

Just follow these steps:

  1. Open the invoice.
  2. Add a line item, and choose the credit card fee expense.
  3. Make sure that the amount is negative to zero out the balance. • Positive amount if you want to add the credit card fee charge to a new invoice.
  4. Click Save and Close.

 

I also suggest consulting your accountant to determine the appropriate expense account.

 

I've attached some articles that can help you manage your transactions: 

 

 

If you still have concerns regarding your credit card fees. We are always here to help you. Take care!

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