Bank Processing Charges - Nominal Code

Accounting
1

We’ve just started passing on a portion of the transaction fees from PayPal and Stripe etc. Just wondered what nominal code the fees should be tagged against seems it’s not income as such?

Should I create a new one, and if so what sub category should it be added to?

2

As far as HMRC goes it’s all taxable income. If you wanted to report separately for your own purposes, you could create a new nominal or drop it under Misc Income.

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