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What expense category is credit card processing?
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There is no definitive answer to this question as it will depend on the specific business and how they categorize their expenses. However, some possible expense categories for credit card processing could include:
- Banking and Credit Card Fees
- Merchant Services Fees
- Payment Processing Fees
- Transaction Fees
It is important to carefully review all fees associated with credit card processing to ensure that they are being properly categorized in the financial records. This will help to ensure accuracy and provide a clear picture of the true cost of credit card processing for the business.
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As we scale we need tools that are built to scale with us - we need to see expenses real time, we need to see duplicate spend. These types of insights are important to the health of our business.
Steve Padis, SVP Finance & Strategy, Barry's
The information provided in this article does not constitute legal or financial advice and is for general informational purposes only. Please check with an attorney or financial advisor to obtain advice with respect to the content of this article.
Learn more about our Expense Management software.
Learn more about our Expense Management software.
