Recording Credit Card Fees in QuickBooks Online - My Cloud Bookkeeping

[@PeteFouche-s2m]

Thank you for this. I was having nightmares, and I just couldn't figure this out. You solved it in 3 minutes.

[@MyCloudBookkeeping]

Thank you so much for letting me know! Pleased to alleviate those nightmares :)

[@15koll]

This is the video I was looking for, god bless your soul

[@MyCloudBookkeeping]

Hi Fernando - delighted I could help! Cheers :)

[@ivyzellmer1424]

Thank you - this was incredible helpful to me!!!

[@MyCloudBookkeeping]

Thank you so much for letting me know Ivy! Delighted to help :)

[@erikao7388]

Thank you for your video, I have a question, what if I add the fee in the invoice and the customer payed the fee if im using the QBO payment. How do I record that fee that I add in the invoice? In the profit and loss the CC fee it shows negative.

[@MyCloudBookkeeping]

You would need to set up a "product or service" to offset where the fee is recorded so that they cancel each other out. Hope that helps!

[@sonyayruel]

Thanks very much!

[@MyCloudBookkeeping]

Delighted to help you :)

[@MiamiLyfeRentalsLLC]

Hi! What about if I am using the QBO merchant fees to accept payments?

[@MyCloudBookkeeping]

Then they will be recorded automatically by QuickBooks to the account you specified - nothing for you to do!

[@MyCloudBookkeeping]

Hopefully that will help you to match your deposits on the bank feed - an area many business owners struggle with! Let me know if you have any further questions.

[@saidagaray1597]

Hello, Thank you for this incredible video. I was wondering if you can help me. I work for a small business. I record every payment manually in QuickBooks. I opened the invoice click make a payment and I introduce all the information manually. The company bank account is not linked in QuickBooks. I have to open the bank account separately and look for the deposits. My big problem is when I have to introduce payments with processing fee, they payment came 2% short. There is no way to click find match or see the resolve button because the bank account is not linked. I do not know how to record the 2% transaction fee in order to pay the invoice because the payment came shrot. Any suggestion? Someone suggested me create a credit memo. However, this is not the right way.

[@MyCloudBookkeeping]

Hello, apologies for the delayed response. There are a number of ways you could achieve this, and it would depend upon a few different factors. To resolve this it might be best to schedule a session: calendly.com/kerry-11/one-hour-consultation-us so we can look at it together.