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May 31, 2024
Question

How would you journal quickbook payment fees?

  • May 31, 2024
  • 1 reply
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1 reply

Clark_B
May 31, 2024

Welcome to the Community, Hyperspring.

 

I'll be happy to guide you through the process of doing journal entries in QuickBooks Online (QBO).

 

Here's how to do journal entries in QBO:

 

  1. Go to the +New icon and select Journal Entry.
  2. On the first line, select an account from the Account field. Depending on whether you need to debit or credit the account, enter the amount in the appropriate column.
  3. On the next line, select the other account you're moving money to or from. Depending on whether you entered a debit or credit on the first line, enter the same amount in the opposite column.
  4. Verify the amounts - the Credit column on one line and the Debit column on the other should have the same amount. This ensures that the accounts are in balance.
  5. Add information in the memo section to document the purpose of the journal entry.
  6. Once completed, select Save and Close.

 

For more detailed information, you can check this article: Create journal entries

 

However, I suggest reaching out to your accountant for an accurate recording of the accounts or more precise information.

 

I will also include this article to help you reverse your journal entry by swapping the debits and credits or deleting it entirely: Reverse or delete a journal entry

 

If you have any concerns about journal entries or anything else related to QuickBooks, please tag me in the comment section, Hyperspring. I'll assist you in any way possible.