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Cheryl_M's avatar
Cheryl_M
Contributing User
2 months ago
Solved

Help needed please - Square transactions

Hi, really hoping I can get some help with this today after being on the phone for over an hour and a half today and not getting a solution.   I use Square as my EFTPOS machine in my business and...
  • Cheryl_M's avatar
    2 months ago

    Just wanted to update this in case someone else comes looking for a solution, this is what I have worked out for my use. 

    1. Create a Spend money transaction for the fee from a "Square clearing" account.

    2. Create a Receive money transaction for the gross sales for the day to the "Square clearing" account.

    3. Create a transfer money transaction for the net amount of sales from the clearing account to bank account Square transaction goes to.

    4. Match the transferred transaction in bank feeds.