New user to QF.
In Chart of Accounts:
Where do we tag monthly Credit Card Merchant fees? We have an account with First Data.
I don’t see an account for that nor do I see an account for credit card fees paid on sales?
Can you help and if I need to create new, under which zone in Chart of Accounts should these go in?
To my mind, the first is a fixed amount per month (similar to Bank account fees) , the second is a cost of sales amount.
Thanks.