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Quickpay fee

Discussion in 'Business Tips and Taxes' started by ohiomike08, Aug 15, 2017.

  1. ohiomike08
    Caffeine Fix

    ohiomike08 Veteran Expediter Owner/Operator

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    How would the QuickPay fee be listed in Quickbooks (or any other bookkeeping system)? Is it considered a loss?
     
  2. Greg

    Greg Expert Expediter Owner/Operator

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    Any business fees paid are a loss, and tax deductible
     
    • ohiomike08
      Caffeine Fix

      ohiomike08 Veteran Expediter Owner/Operator

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      I thought it would be, but I just wanted to make sure.
       
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    • xmudman

      xmudman Veteran Expediter Owner/Operator

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      I'd call fees paid an expense rather than a loss, but Greg is correct.
       
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