Forum Discussion

Contributing User

11 months ago

Solved

Square Transactions

Hi There,

We have recently moved over to MYOB Business Lite browser.

We now use Square for credit card payments. I am wondering how I enter the transaction fee in as when Square transfers, the fee is automatically deducted from the amount we receive.

eg: customer invoice is $61.60, fee automatically taken is $1.36

Please note: we do not have our bank account linked as yet & are reconciling manually.

Princess_R
11 months ago
Hi PC407,

You’ve totally got this with manual reconciliation! I found this forum post that explains exactly how to deal with square payments and match them up with your invoices. Hope this does the trick for you.

Cheers,

Princess

4 Replies

Princess_R
MYOB Moderator
11 months ago
Hi PC407,

You’ve totally got this with manual reconciliation! I found this forum post that explains exactly how to deal with square payments and match them up with your invoices. Hope this does the trick for you.

Cheers,

Princess
PC407
Contributing User
11 months ago
Excellent! Thank you very much. This definitely makes sense.
Genreve_S
MYOB Moderator
11 months ago
Hi PC407,

Square has a way to integrate directly with MYOB software. If you’re interested, check out this link for more details on how it works.

Regards,
Genreve
PC407
Contributing User
11 months ago
Thank you, I will have a look. But if I decide to do it manually, is there a simple way?