From the course: QuickBooks Online Tips and Tricks

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Record merchant fees

Record merchant fees

From the course: QuickBooks Online Tips and Tricks

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Record merchant fees

- [Instructor] If a customer pays with a credit card, that credit card service deducts a fee from the payment. You record merchant fees when you deposit the payments you receive. In the navigation bar, let's head to sales or invoicing if that's what you see. And I'm going to choose customers. Now I can see here that Germaine Green has an open balance. And let's say that you've received a payment by credit card from this customer. Over in the action column, click receive payment. In the receive payment screen, you'll see that all the invoices are selected. But let's say you've only received one of them. So I'm going to turn off the check boxes for the ones that I don't want to process. Up at the top, choose the payment method which is credit card in this case. And we're going to deposit to undeposited funds. Down at the bottom right click save and close. Because we deposited the payment to undeposited funds, the next step…

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