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How do I classify merchant account fees in QuickBooks?
How to record merchant fees in QuickBooks Online Go to []() and log in to your QuickBooks Online account. Click ＋New. Click Expense Select the payee. Select the Merchant fees account from the Chart of Accounts. Record the payment details.
Who pays the transaction fee in QuickBooks?
However, its important to note that you will be charged for this fee every time you send the transaction and not the customer. If you want to let your customer pay the fee on your behalf, youll want to add the processing amount to the invoice.
What is the Intuit charge on my bank account?
Intuit charges are fees levied for using any of the companys comprehensive suite of financial tools and services. These could range from subscription fees for cloud-based accounting software like QuickBooks to payment processing fees or even one-time purchases of financial planning products.
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