Question: I have customers that pay me by credit card, but the credit card company takes out fees. I am receiving less than the total amount on the invoice. How do I handle that in QuickBooks Premier?
Answer: I am seeing this situation more often, where the credit card company takes out the fees and then pays you the remainder, instead of paying you the full amount and then charging the fees as a separate line item. This creates additional steps and calculations for distributors who are receiving credit card payments from customers against invoices.
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Harriet Gatter is an independent accounting and order management consultant serving only ad specialty distributors. Her specialty is QuickBooks Desktop and QuickBooks Online: getting started; migrating from QB Desktop to Online; converting from other order management; and accounting systems, including manual spreadsheets, restarting QuickBooks files that have gone rogue, and training distributors to use their new system. (She was also a distributor for 23 years.)
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