Payment Processing Fees not flowing through to Chart of Accounts, P&L, etc.
Hi, I'm very new to Quickbooks Online so bear with me. For the Deposit Fees, I went into Accounts & Settings --> then Payments --> Chart of Accounts and under "Tell us where in QuickBooks to automatically record Processing Fees" I selected an account (not sure if I created it or not) called Quickbooks Payments Fees, which is an Expense account.
I have several dozen online payments with Instant Deposit, totalling up to nearly $300 in fees, but I don't see any transactions recorded into that account, and I don't see it in the P&L under expenses, or basically anywhere. Is there something I have to do to create the actual expense to reflect the fees deducted? (I don't have my bank accounts linked so the bank deduction for it isn't going to show up anywhere)
Somewhat related is my mileage expense recorded through the QBO app...why doesn't it show up in my P&L or in my Expenses totals?
