I see there are “Houzz Pro Transaction Fee Charge” and “Houzz Pro Transaction Fee Expense” that have sync’d over to QuickBooks, however they are blank. Where are the processing fees being sync’d to? I have checked the deposit accounts, and the amount that is posting there is equal to my payout. Where is the difference posted to, for expense purposes?
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Hi There! So when you charge the processing fee to your client, on the QBO side a sales receipt is created showing two line items, transaction fee charge (a positive number/income) and also transaction fee expense (a negative number/expense). It equals a zero $ sales receipt so it’s a wash on your financial reports and the point of it is so you just have record of the transaction being charged to your client. Please let me know if you have any questions. Thank you!