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naylorconsulting
February 25, 2025
Question

How do I record credit card processing fees I am charged when paying a bill with a credit card?

  • February 25, 2025
  • 1 reply
  • 0 views

One supplier charges me an extra 3% charge when paying the bill with a credit card. For that reason, I try to avoid paying with a credit card, but there were a couple bills recently when that was simply the best choice for our business. But now I don't know how to handle the fact that the total of the payment is more than the total of the invoice. Do I need to edit the bill I entered so it shows a 3% surcharge and therefore the total would match the payment?

1 reply

A
Alex M
February 25, 2025

Hi there naylorconsulting,

 

Thanks for reaching out about your expenses. QuickBooks Online is a great tool able to assist you with keeping track of sales and expenses so you know the profit of your business. I can point you in the right direction for help entering this.

 

What you a do for this would be to enter your bill and payment as usual, then creating a separate expense for the payment fees. When finding the match for this transaction on the credit card account, you'll just need to click on the description then Find a match to select the two transactions to which you want to match this transaction.

 

If you have any other questions, feel free to reach out here.

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