As a SaaS company, what’s the correct way to account for merchant processing fees?
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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
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Replying to @zackkanter
Is...this just an around the corner way of asking if people commit accounting fraud?
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Replying to @finnscave
Zack Kanter Retweeted Zack Kanter
It’s in a grey area - nothing definitive either way. Seems much more common to put it in opex.https://twitter.com/zackkanter/status/1197856025195556864 …
Zack Kanter added,
5:47 AM - 22 Nov 2019
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