#Quickbooks fees full#

Here is a snapshot of the total gross payments, fees, and payout amount from TTP: You can then review the data to ensure it matches up with the information from the Payout Report. After adding these fees, you will see that the 'Amount' in the top right is updated to reflect them: This should be a negative number since the fees are being withheld from the Deposit. Lastly, set the amount to the total amount of the fees. If needed, you can also create a new account titled 'Merchant Service Fees' as well. Set the 'Account' to whatever account you track merchant service fees with. Add a new deposit with the 'Received From' set to Time To Pet Payments (you may need to create a new Vendor account for Time To Pet Payments the first time). The bottom half of the screen is where you can account for the Time To Pet Payment fees. The Amount in the top right should match the 'Gross Payments' found in the Payout Report:

You can then select the payments that are listed in the Payout Report. Also, set the date to match the date from the payout: Next up, make sure the Bank Account listed in the top left is the same Bank Account the money will be deposited into. You can create a Deposit in QuickBooks by clicking the '+' icon in the top right corner of the QuickBooks dashboard: This is the information needed to create a Deposit in your QuickBooks account. To see a complete breakdown of an individual payout, including the payment date, the client name, the gross amount of the payment, the fees, and the net amount that is being deposited into your bank account, select the 'Full Report' button:

#Quickbooks fees full#

Time To Pet shows you a complete breakdown of all payouts in the Time To Pet Payments Report in the Payouts tab:Įach payout is listed, and you can see a full report of the payout and can also download the report. Deposits are referred to as 'Payouts' in Time To Pet Payments. Recording Credit Card Fees for Time To Pet Payments Reviewing Feesįirst, you need to account for the processing fees included in the deposit into your bank account.

Recording Credit Card Fees for Time To Pet Payments.