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Eve2019
March 12, 2021
Question

CREDIT CARD FEE.

  • March 12, 2021
  • 1 reply
  • 0 views

Hello,

Whenever I pay my sales & use tax there is a fee for using credit cards. I think it's a 3% card processing fee.

 

Example:

Sales tax due is : $2,000 

 The credit card fee is $60.00 Surely is an expense but how do I enter this type of transaction in QB desktop.

 

Thanks

1 reply

AlexV
AlexV
March 12, 2021

Hi Eve2019!

 

Let me show you how to enter the credit card fee.

 

When reconciling an account, there is a field where you can enter the fee. You can check out this article for additional information about reconciling bank and credit card accounts in QuickBooks.

 

 

For customer payments, you can add another line for the fee when making a deposit. You can follow these steps:

  1. Click Make Deposits from the Banking menu.
  2. Select the payment you want to deposit, then OK.
  3. Enter the details required.
  4. Add a second line to record the fee. The amount should be negative.
  5. Tap Save & Close.

 

Need help in bringing bank and credit card transactions to QuickBooks Desktop? Check this link: Get started with Bank Feeds for QuickBooks Desktop.

 

Post again here if you need more help. Take care!

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