The company that we use to process our credit cards and manage our ACH payments charge us fees for their services that are deducted along with the payments we receive. What is the best way to record those fees?
Hey Erin, great question! I generally would create an account called Merchant Fees or Credit Card fees and code them to this account. Check out the following video tutorial to see how to do this in QuickBooks Online:
You can access our entire QuickBooks Course here:https://fitsmallbusiness.com/free-quickbooks-online-tutorials/
All the Best-
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