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PaulC555
February 8, 2023

Card Payments

  • February 8, 2023
  • 1 reply
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Good afternoon

I have taken payment today for my first invoice via the Zettle card reader. Zettle will be charging their standard 1.75% fee for the transaction. I am confused as to how to record the transaction in my Quickbooks. Obviously the amount transferred to my bank and carried into Quickbooks will be my invoice amount minus the transaction fee. How do I show the invoice as being paid in full and the fee which was attached to the transaction to ensure that it balances with my invoice amount shown in Quickbooks

Many thanks, Paul

    1 reply

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    payment after leaving
    February 9, 2023

    Hi PaulC555 In order for you to account for you to account for the fees you'll have to receive payment on the invoice for the full amount, deposit it to the undeposited funds account, create a bank deposit, select the invoice, and in the 'add funds to this deposit' section add the fee/expense account in the account column and add the amount as a negative, the net amount of the deposit will match the amount you received. We've included an article on how to do the above. If you have any further questions please reach out to us and we'd be happy to help you.

    https://quickbooks.intuit.com/learn-support/en-uk/help-article/bank-deposits/record-make-bank-deposits-quickbooks-online/L2BBZOPdr_GB_en_GB

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