How do I map merchant fees for QuickBooks Online?

Introduction

In many cases, Connex receives no merchant fees per order. As a workaround, you can calculate them on a per order basis using a payment method or selling channel name.

How do I make the item?

Here are the steps:

  1. Login to QuickBooks.
  2. Go to the gear box > products and services.
  3. Click new.
  4. Add a new service item called merchant fees and enter merchant fees as the expense account:
    mceclip0.png
How do I map the same merchant fee for all orders?

Here are the steps:

  1. Login to Connex.
  2. Click manage.
  3. Expand orders.
  4. Expand sync orders to QuickBooks.
  5. Expand merchant fees.
  6. Enter merchant fees.
  7. Enter the percent and cents:
    mceclip3.png
How do I map the merchant fees to orders, if I have different fees for different orders?

There are two parts to merchant fees; the percent and the cents. PayPal charges 2.2% plus thirty cents for each transaction. In this example, we will map PayPal fees.

  1. Expand merchant fees on our configure page, as noted above, and enter merchant fees. Leave cents and percent as zero. This will default to no fees for all orders, unless you have a rule.
  2. On the left, click rules > my rules.
  3. Click add new rule.
  4. Choose start from scratch.
  5. Enter a rule name.
  6. As the action, choose map merchant fee percent: mceclip2.png
  7. In the comparison, enter these values: mceclip0.png
  8. Click next. In the map to field, enter 2.2.
  9. Finish the wizard.
  10. Add another rule.
  11. As the action, enter map merchant fee cents.
  12. Enter the same comparison.
  13. In the map to, enter .3.
  14. Finish the wizard.
How does this look in QuickBooks Online?

Here is the end result:

mceclip1.png

Was this article helpful?
0 out of 0 found this helpful

Comments

0 comments

Please sign in to leave a comment.