Hospitality
Credit Card Merchant Fee (Direct Deduction)
Recording the bank's commission on guest credit card payments.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 97.50 | - |
| Credit Card Commission Expense | Expense (+) | 2.50 | - |
| Credit Cards Receivable | Asset (-) | - | 100.00 |
💡 Accountant's Note
When the bank settles credit card batches, they take a percentage (e.g., 2.5%). This is an administrative operating expense.
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