square and myob invoices

Question

im not an accountant , a trady who does all the myob accounts. a few of my weekly invoices to clients are being paid on my square device. square take there fee so i get a differants amount to my original invoice. i need an easy way to reconcile this , if my clients ask for a reciept i want it to match there payment. Hope this makes sence.&nbsp;

chrismyob · Answer

Hello&nbsp;Stuartt&nbsp;
&nbsp;
You would record these as a merchant fee.&nbsp;You should also check with your&nbsp;accounting advisor about how the tax on these transactions should be handled so it's&nbsp;reported correctly on your BAS/GST reports.I have attached a Help Article on how to record a payment made through PayPal, as this is the same way you would do so for Square.Please let me know how you go.

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square and myob invoices

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