AccountKeepingPlus – Administration, Bookkeeping, Compliance News & Tips MYOB Reckon Quickbooks Training BAS Small Business

Making Business Books and Accounting Come Alive! MYOB Reckon Quickbooks Training BAS Small Business

MYOB & Quickbooks – Adding Credit Card Surcharges to Invoices


MYOB and Quickbooks - Adding Credit Card surcharges to Invoices

Adding Credit Card Surcharges to Invoices

A client emailed, concerned about the extra Merchant Charges they pay when clients pay by credit cards. There are a number of ways to deal with it depending on the type of layout you use.

  1. First, are there only specific customers who pay by credit card? If so, you could create a second invoice template and add the CC charge into it, then use the correct template to each customer.
  2. Or, you could add the surcharge into your standard template (say after a subtotal) but then you’d have to credit back the surcharge if the customer paid using another method. Or have a message at the bottom to ignore the charge if not paying by credit card.
  3. Another option is to create a large, bold text message box stating there is a surcharge for credit card payments and then show an example calculation after the text which would work out a set percentage of their invoice and actually show the amount that is extra.
    Your bookkeeper can make changes like these to your software templates, or call us to help!

What do you do?

Author: accountkeepingplus

Administration, bookkeeping and compliance for small business, Training, trouble-shooting, or we can do the books and payroll for you! Self Managed Superannuation Fund Service Provider, free support MYOB Certified Consultant, Reckon/QuickBooks Professional Partner.

4 thoughts on “MYOB & Quickbooks – Adding Credit Card Surcharges to Invoices

  1. are the surcharges taxable or non taxable?


    • Thanks for a good question Jonathan – Depends on the laws in your country – where are you from? In Australia for eg, any supply that is not food and bank fees (and a few other items) have NO tax, so ALL other supplies that give or add value, have tax. Check with your tax professional!


  2. Charge the fee to an “other income” account?


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Get every new post delivered to your Inbox.

Join 1,227 other followers