[GNC] Process Payment and convenience fees
David Cousens
davidcousens at bigpond.com
Mon Aug 27 18:50:09 EDT 2018
Justin,
One other comment. You do not say whether this fee is being paid to the
utility company or a third party, e.g. bank is imposing it for handling the
transaction. In the latter case, it would make more sense to track it
separately from the charges by the utility company. If it is imposed by the
utility company itself, then it is only necessary to track it separately as
an expense if you feel knowing that information is of benefit to you, i.e
you wish to minimize the fees you pay.
I would challenge the utility company if the fee goes to them. If it is a
handling charge for using a credit card for payment for example, and you
have other options for payment which don't incur the fee, then it should be
a separate line item in your bill with separate totals for the different
payment options. There may also be legislative reasons that the fee has to
be separate from the bill, but that should only affect disclosure of the
fee, not inclusion in the total owing but legislators sometimes ,make life
diffcult for businesses.
David Cousens
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David Cousens
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