Credit Card Fees
How do most people deduct credit card merchant fees from their bank account?
QB help says 2 ways 1- at the make deposits window or 2-record a check to that account. We are not printing QB checks only recording handwritten checks in QB. Are there ways to deduct bank fees etc without a check?
Thanks
A check in QB is just a term used to show a disbursement. It's not really a paper check like you are thinking.
Use a "check" type transaction to record those fees coming out of your bank in one lump sum at the end of the month. For AMEX, record the fees against the actual daily batch submission. AMEX takes their cut
from each day's batch where the others charge you one time in the month for all their fees.
zahid
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Thank you soooo much
I thought it was usual cheque.Thanks for making it clear to me and to everyone that it is just a term used.
thought it was usual cheque.Thanks for making it clear to me and to everyone that it is just a term used.
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