10/09/2026
Have you ever noticed that the money deposited into your business bank account doesn't match your sales?
This is something I see business owners question, particularly when they accept payments through credit cards or online payment processors.
Let's say a customer pays $1,000 for a service, but only $970 appears in your bank account.
Where did the other $30 go?
In this example, the payment processor deducted $30 in processing fees before transferring the money to your account.
The important thing to understand is that your business still made a $1,000 sale. The $30 is a separate business expense, and both amounts need to be recorded correctly.
If you simply record the $970 bank deposit as sales revenue, you're understating your sales and leaving out the processing expense.
Over time, especially if you're processing hundreds of transactions each month, those differences can add up and affect the accuracy of your financial reports.
My advice is to review your payment processor statements regularly and make sure the full sales amounts and associated fees are being recorded. Remember that sales tax also needs to be accounted for correctly where applicable.
It's a relatively small bookkeeping detail that can make a considerable difference to how accurately your records reflect what's happening in your business.