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Update General Ledger Accounts Monthly for Merchant Processing Fees

Statements are available between the 5th and 7th of the month for the prior month's processing charges and are posted to the ValPay reporting portal. Log into the ValPay portal at Reporting.Valpay.com. Select Statements from the lefthand menu.

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If not already selected, choose your store name in the field at the top of the page. View a preview of the monthly sales and total fees. Download the statement to view it in detail.

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Create a Journal Transaction to adjust the General Ledger accounts affected by the merchant processing fees. (These accounts will vary depending on your accounting setup, but may include a dedicated fee account if your company collects a surcharge fee from your customers.)

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To expedite this process, create a Recurring Journal Transaction to post these charges monthly.