Elavon Card Processing Fee
fee
Elavon merchant service charges typically show as a fee deducted from card payment batches. The fee is approximately 1.5-1.8% of the gross batch amount and should be allocated to the Elavon Fee expense account.
When a bank statement line contains "elavon" or "mrch svc" and the amount is less than the sum of matching card payments, allocate the difference to the fee account as a processing fee.
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Weekend Card Batch Combination
match
Card payment batches deposited on Monday often combine Friday, Saturday, and Sunday transactions. When matching Monday bank deposits to card payments, look across the preceding weekend.
For bank lines dated Monday with card-related labels, sum card payments from the preceding Friday through Sunday to find a match.
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