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As a SaaS company, what’s the correct way to account for merchant processing fees?
Recurring conversation: “So, do you think merchant fees should fall under COGS?” - oh yeah for sure “So you’re putting them in COGS then.” - well i’d have to look but actually it’s really a lot more like opex if you think about it
Do you feel strongly one way or the other?
Feel pretty strongly that it belongs in COGS but apparently it’s very uncommon to put it there.
At my company we put it in cogs, but from an accounting perspective, that is for some reason very non-standard
...he who asks questions to make a point….
If you have no or very few cash paying customers then it’s a cost of doing business and thus COGS. For a consumer Co, I’d say COGS. For enterprise? No idea but would lean towards COGS
If your merchant fees is driven by every unit of transaction in your SaaS, then it’s COGS else SG&A. Not complicated, unless you want to cook the books. New thinking in the accounting world might even require it to be part of the Gross-to-Net on your top line, controversial idea.
I would put them under bank fees in SG&A.
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