how to account for credit card fees in quickbooks
If you are a business owner who accepts credit card payments, it is important to understand how to account for credit card fees in QuickBooks. Credit card fees can be a significant expense for businesses, and it is important to accurately track and report these fees in order to ensure accurate financial reporting. Knowing how to account for credit card fees in QuickBooks can help you better manage your finances and ensure that you are accurately reporting your expenses.
Grace Everwood
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12 steps
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15 seconds
QuickBooks
1
Go to [https://quickbooks.intuit.com/](https://quickbooks.intuit.com/)
2
Click the “Create an Expense Account” button.
3
Enter a name for the account, such as “Credit Card Fees”.
4
Select “Expense” from the “Account Type” drop-down menu.
5
Click “Save & Close”.
6
Go to the “Banking” menu and select “Make Deposits”.
7
Select the bank account that the credit card fees were paid from.
8
Click the “Add New” button.
9
Select “Expense” from the “Received From” drop-down menu.
10
Select the “Credit Card Fees” account from the “Account” drop-down menu.
11
Enter the amount of the credit card fees in the “Amount” field.
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Click “Save & Close”.