Are payment processing fees tracked automatically?

Yes, for money taken through a gateway connected to ibakepro. Each day's card processing fees are gathered into one expense, itemised per transaction, filed under bank fees and named "Gateway Fees" with the date. There is no toggle to find and no accounting integration required.

Which payments get a fee booked

Stripe today, plus Shopify if you sell through it. PayPal and Square are built and coming, and are handled the same way. The fee comes from what the gateway itself reports on the transaction. Nothing is estimated from a percentage, so if a gateway reports no fee, none is booked.

Money taken any other way has no gateway fee to read. Cash at the market, a bank transfer you confirmed yourself, a cheque: no fee is created for those, because none was charged.

Tax on the fee is recorded only where the gateway breaks it out. Stripe does; Square and PayPal do not expose it, so nothing is assumed on their behalf.

How soon a fee shows up

The figures are kept up to date automatically through the day, so fees that settle late fold into the right day rather than landing in the wrong one. A fee can therefore take a few hours to show up against a sale you just took. Shopify reports its fees much later than the others and is reconciled separately when they arrive.

Because each day's expense is rebuilt from the payment records rather than edited, it stays in step with reality on its own. Treat it as a read-only record: a figure typed over the top is replaced when it next updates.

Refunds, voids and what stays booked

• A refund does not return the fee. None of Stripe, Square or PayPal hands back the original processing fee when you refund a payment, so ibakepro keeps it booked. It was a real cost.
• A payment that never settled carries no fee. Voided, failed and cancelled payments are excluded, so a card that was declined does not quietly add an expense.
• A day with no fees has no expense, rather than an empty one.

Where you see it

In your expenses under bank fees, so it lands in revenue against expenses and in the expenses-by-category and tax reports without any extra step. Open the entry and each line names the order it came from and which gateway took the fee.

There is also a processing fees report in Financials showing, for each day in a range you choose, what was processed, what the fees came to, what you netted and how many transactions it took.