![]() While providing the settings, you need to select the same bank account ( " Square Bank Account" or created Bank Account) for Sales, Expense, Fees, Items & Payout.Ĭonfigure Square Sales settings with your Square Bank AccountĬonfigure Square Fees settings with your Square Bank AccountĬonfigure Square Expenses settings with your Square Bank AccountĬonfigure Square Payout settings with your transfer sales account Step 4: Record (Sync) the transactions from Square to QuickBooks ( How to?). Step 3: Configure the sync settings for Sales, Expense, Fees, Items & Payout ( How to?). Step 2: Connect Square with PayTraQer ( How to?) ![]() Step 1: Connect PayTraQer with your QuickBooks ( How to?) The downloaded transactions will be available in the bank review section. Step 3: Setup the bank feeds in QuickBooks or upload the Bank Statement in QuickBooks. Step 2: CHECKING ACCOUNT/CURRENT ACCOUNT should not be used directly to record your Square sales as it will create numerous issues in reconciling the Square fees. This account will be used to record your Square sales & Square fees. Step 1: Create a Bank Account named "Square Bank Account" (or name it as needed) in QuickBooks. It is always better to follow the industry's best approach to avoid the reconciliation nightmare.įollow the steps to Reconcile Square Deposits in QuickBooks You can reconcile Square transactions/statement in minutes with QuickBooks Online using PayTraQer.
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