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February 11, 2024
Question

In regard to New York states new guidelines on credit card processing fees. Into affect today 2/11/24. Any changes on quickbooks end? Specifically adding cc fee product?

  • February 11, 2024
  • 1 reply
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1 reply

AlverMarkT
February 11, 2024

Hi, mj. Welcome to the QuickBooks Community

 

I'm here to share if there are any changes on QuickBooks Online (QBO) in entering credit card fees following the New York state's new guidelines on credit card processing fees.

 

On February 11, 2024, the New York State recently implemented guidelines for businesses to clearly post the cost of purchasing items with a credit card , including any surcharges being imposed. This means that your item prices should reflect the total cost of what the customer pays, including the credit card fee.

 

Entering the credit card fee in QBO remains the same. For this, you can set up a service fee item if you haven't created one yet. Here's how:

 

  1. Go to the Gear icon and select Products & services.
  2. Select New, then select Service.
  3. In the Name field, enter a name for the service.
  4. From the Category ▼ dropdown, select the category that best describes the fee.
  5. Fill out the rest of the fields.
  6. Select Save and close.

 

If you’ve already sent them their invoice, create an invoice with the service fee. If you haven’t sent the invoice, make sure to add it before sending it.

 

  1. Go to Sales, then select Invoices.​
  2. Select the invoice you want to add a service fee to.
  3. Select Edit invoice.
  4. From the Product or service ▼ dropdown, select the service fee you created.
  5. (Optional) In the Note to customer section, add a note about the fee.
  6. Select Review and send.

 

Once done, you can run invoice reports in QBO to manage the invoices you've sent to your customers.

 

We're always here in the Community if you have further questions about credit card processing fees in QBO. We're committed to offering ongoing support. Take care.