How to Handle Credit Card Fees in QuickBooks
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.