Entering credit card fees when making a deposit

Say your customer has paid you $1000 using a credit card, but your bank statement shows the deposit as $960 because the credit card company charged a fee of $40. How do you make the deposit in QuickBooks so that it calculates the difference?

  1. When you're making a deposit (Banking > Make Deposit), be sure to select only credit card payments to deposit.
  2. On the Make Deposits window, enter the total deposit as shown on your bank statement. QuickBooks then calculates the difference between what you charged your customer and what was actually deposited. This should equal the amount of credit card fees.
  3. Select an account for the credit card fees.
  4. (Optional) Enter a memo for the fees.
  5. Click OK.

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