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Jim2® Business Engine Help File

Navigation: Jim2 Functions > Accounts > Credit Cards

Manage Credit Card Merchant Fees

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There are a couple of ways to deal with merchant fees.

 

You may need to add a 6-XXXX merchant fee account in the general ledger first.

1.On the debtor's form, enter only what was received into the bank account. This will create a credit.

Add a debtor's adjustment down for the fee, using tax code G, and post to the 6-XXXX merchant fee account.

Allocate the credit to the outstanding value.

or

2.Receive the full payment.

Add a cheque entry out of the bank account for the fee and post to the 6-XXXX Merchant Fee account.

Reconcile the full payment with the merchant fee in the bank reconciliation.

 

Further information

Apply a Credit Card Charge Using Stock

Credit Card Surcharge Management

Enter Credit Card Charge

Use Company Credit Cards