iZettle Fees - Bank Feed Issue

[sambates123]

I use iZettle to take card payments. I have just linked in my bank to feed transactions into my bank account in QuickFile.

iZettle remove their fees before sending you the funds so when this is imported into the account i am unable to link it to an invoice as the amounts are different.

How best do I go about working around this?

Sam

[rhc]

Hi sambates123,
did you create an account under “Merchant and Online Payment Service Accounts” for iZettle? If not you should do it. Inside this account you you can then create an Income entry (the payment from your client), an Outgoing payment to your bank account (which you link/tag to the payment from iZettle to your normal bank account) and another outgoing payment to the supplier “iZettle” which you have to create and tag this payment to a invoice to this supplier (iZettle)
You can find more info here:

Setting up your bank accounts

Introduction Your QuickFile account will come preloaded with a basic set of bank accounts. The main bank accounts are visible on the Dashboard and you can obtain a full list of accounts by clicking on the “View all” link. [image] In QuickFile, bank accounts offer a flexible way to not only keep track of your current account but also to manage savings accounts, credit cards, merchant accounts (e.g. PayPal, Streamline, Barclaycard Merchant Services etc), loans, and even cash coming in and out …

I hope this helps

[QFMathew]

Just to add to @rhc’s post, you may also find this guide helpful: Handling payments from merchant accounts

[sambates123]

Thanks all, that has helped.