Receiving Payments from Square

Question

Hello,I use Account Right Plus.We use Square to receive payments.The payments come through for the day as one transaction into our bank account.The example I have is we received a $1000 deposit from a customer then received $650 in sales from assorted items.&nbsp;When trying to allocate the $1000 to our customers sale and the $650 to miscellaneous sales because the payment in the bank feed is $1650 I can't allocate to either because the $1650 does not match either sale.&nbsp;Can someone please advise how I can reconcile both against the invoices?Thank you&nbsp;

earl_hd · Answer

Hi SBC1 ,Thanks for your detailed post. To resolve this issue in MYOB AccountRight, you'll need to perform manual matching. Since the bank feed shows a consolidated amount of $1650 for both the $1000 deposit and the $650 in assorted item sales, manually allocate $1000 to the customer's sale and $650 to miscellaneous sales within your AccountRight. This approach ensures accurate recording of transactions and proper allocation of funds. Please see this help articles for more information:&nbsp;Matching bank transactionsHow matching worksMatching bank transactionsFeel free to post again, we're happy to help!Regards,Earl

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Receiving Payments from Square

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