[Nikki]

Where should credit card fees for processing customer cards appear on the P&L? Is this a COGS expense? Corporate operating expense? or a Marketing expense?

[Sticky Nicky]

i would guess under Bank fees under Corporate operating expense,,,i havent taken FAR yet though so IDk

[Missy]

Depends but its not material enough for me to even bother putting it to COGS it is just an operating expense on my p&l. However if most or all customers pay by credit card there's a case to be made for putting it to COGS.

Licensed Massachusetts Non Reporting CPA since 2012
Finance/Admin/HR Manager

[Trele6]

I would agree with Sticky Nicky.. Operating expense seems appropriate.

Is this for a test? I highly doubt you would see anything like that on FAR.

First go at the CPA! Only using Becker
Reg / Nov 2015 - 87
Far / Apr 2016 - 79
Bec / May 2016 - 80
Aud / Aug 2016

[Author]

Replies