Syncing Transaction Fees with QuickBooks Desktop

MyWorks can support syncing transaction fees for any WooCommerce gateway that records them in the WooCommerce order. Stripe and PayPal are both well-known for doing an excellent job recording transaction fees in the WooCommerce Order, but our support for transaction fees extends to any gateway that is able to record these within the WooCommerce order, once paid. 

MyWorks can sync transaction fees to QuickBooks Desktop as a Negative Line Item within the order, and this can be enabled at MyWorks Sync > Map > Payment Method - where you also set a QuickBooks product for the fee negative line item.

Here is a common example of how to tell if Transaction Fees are stored in an order, where our integration can read and sync them to QuickBooks Desktop. However, they can also be stored in a separate custom field in the WooCommerce order- which our sync can also read.

Transaction_Fee_Syncing_QuickBooks_Desktop_1.png 

As long as your payment gateway stores transaction fees in this method, you can turn on Transaction Fee syncing in MyWorks > Map > Payment Methods by:

 
  1. Visit MyWorks Sync > Map > Payment Methods.
  2. Click Show Advanced Options in the top right.
  3. Turn ON  the setting to Sync Transaction Fees as a negative line item, and choose a line item in QuickBooks that should be used for this line. (this should not be an inventory item)

Transaction_Fee_Syncing_QuickBooks_Desktop.png

Was this article helpful?
0 out of 0 found this helpful

Navigation