How do I account for credit card processing fees in AccountingSuite
When using Stripe to process credit cards in AccountingSuite™, this happens automatically. When Stripe sends the collected sales receipts to your bank account, it also sends a notification to AccountingSuite™. AccountingSuite™, in turn, creates a deposit with the cost of the processing fees subtracted using the default merchant card fees account that chosen in Settings.
If you are not using Stripe, you will need to create a deposit document with the cash receipts and sales On the expenses tab, enter the account and the amount (use the negative sign) to record the credit card processing fees.
How are merchant card fees accounted for when using the Stripe Integration?
When AccountingSuite is connected via Stripe, this process is automated. Here's how it happens. 1.) You make charges via the Charge with Stripe button. 2.) Stripe will make a deposit into your bank account with the receipts. 3.) Stripe notifies ...
Paya: Payment Processing via ACH and Credit Card
Paya: Payment Processing via ACH & Credit Card There are two ways to process credit card payments from Customers: Sending a Sales Invoice or a Sales Order to a customer with a Make Payment button. Charging the Customer from a Cash Receipt. Emailing ...
Bank Deposits When you receive cash and checks for payment, these eventually will need to be deposited at the bank, usually grouped with other payments. When the group of checks and cash is taken to the bank, a Deposit is recorded AccountingSuite™. ...
Integrating Stripe for processing Credit Card Transactions
Stripe Overview Stripe is AccountingSuite's integrated payment processor. Once set up, you will give your customers the ability to pay invoices from emailed sales orders and sales invoices as well as the ability to charge directly from the Cash ...
Paya: Adding a Credit Card or ACH account to Customer Account.
Paya: Adding a Credit Card or ACH account to Customer Account. Navigate to Quick Menu / Companies. Open the Company that you'd like add the credit card to. Click the Payment Methods tab. Choose Add and pick Credit Card or ACH Account. Fill out the ...