Processing fees
How do you record Square or PayPal fees in your books?
Payment processors deduct fees before funds reach your bank account.
How vendors usually record this
- Record total sales as income.
- Record processing fees as a separate expense.
- Ensure deposits equal income minus fees.
Why separating fees matters
It:
- Keeps income accurate.
- Makes fees visible over time.
- Helps compare cash vs card profitability.
Stop Guessing. Start Growing.
Stop waiting until the end of the month to see if you made money. Get instant clarity on every sale, even without Wi-Fi.
Keep reading