There is a lot of valuable information on the Merchant Billing Statement that you will receive each month. You will need to compare everything on here with your accounting software, reconciling your merchant account in the same way you do your bank statement.
It’s beneficial to know the exact number of sales and returns that came through your business, and to subtract the latter to realize your net sales.When you see the net sales and look across the column to see dollar amounts that have come in, then you’ll be in a good frame of mind to look over at the next column and see the fees. While they might look like a huge expense, bear in mind that you probably wouldn’t have had many of those sales if you didn’t take a credit card.
