Charging Processing fee
In terms of best practices, are people charging the processing fee or is this something you just claim end of year?
I claim at end of year.
Nyasha Grayman, PhD, LCPC
Wisdom Counseling - Baltimore LLC
Are you talking about credit cards? No one uses cash anymore. Processing fees are part of the cost of doing business. Imagine how annoyed you would be if every time you used your credit card somewhere you were charged a processing fee. Now imagine your client telling people, "My therapist, who is supposed to be helping me, charges me a credit card processing fee."
We're actually not allowed to pass that fee onto the client. You can account for it in 1 of two ways : 1) Use the amount you actually get paid (session fee less credit card fee) or 2) Full session fee and credit card fee separately. It depends on which method you use for your accounting. I use the amount I actually get so it's one less step.
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