Go to the Lists menu and click Chart of Accounts.
Click Account at the bottom of the list and click New.
In the Add New Account window, click Expense, and then click Continue.
In the Account Name field, enter the name of this account, such as "Merchant
(Optional) Enter a short description of the account in the Description field.
If you want to make this account a subaccount, click the Subaccount of checkbox. Click the drop-down list and choose the account that will be the higher-level account for this subaccount.
For example, some businesses want to separate their credit card processor
fees by the charge card type, such as Discover, Visa, etc. Other businesses
make merchant account fees a subaccount of Bank Charges.
Click the Tax-Line Mapping drop-down list and choose the appropriate tax line item.
What if the list of tax lines is missing?
What are the benefits of associating a tax line with each account?
information about the new account.
What is the Merchant Service for QuickBooks?