![]() ![]() Your total at the bottom should be the Total Square Deposited for the Month.Īs for Split Tender sales your own as how to do this manually since You need a Sales Receipt for the Cash transactions and the Taxes for the Cash part which Square does not Separate, and the the same type of information for CC sales. ![]() Now do the same for your CC sales, Sum your Gross Sales, Taxes, and Square Fees, the fees should be as Merchant Expense or something similar. The totals will be what you collected in Cash for the month including cash Sales Tax which you will have to pay to the tax man. You can enter those in QBO as a Sales Receipt. Then you can Sum up the Gross Sales column for your Cash Sales, and the Tax Column. Put a few new blank Rows after your Cash Sales. You will want to export your Sales Transactions CSV from here: dashboard/sales/transactionsĮxport your Sales Transactions for the Month (week, day) etc that you need to input into QBO, sort the csv file by the cash column. The trick is to separate the Sales tax between Cash and CC sales, which creates other problems if you do Split Transactions. The reason I say Two Sales Receipts in QBO, Is when you create one with Cash and CC sales together the bottom line for Total will not be what Square deposits for the Month. So you want to Create 2 Sales receipts at the end of the month, 1 for Sales (Cash) and Cash Taxes, 2 for Sales (CC), (CC) Taxes, Merchant Fees, Then the Total that would have been Deposited Less CC Returns? The other thing is you may need better records of your sales depending on the Tax laws in your area and other business regulations. Your business accountant may want more details than just a Months summary of your sales in the below format. Welcome to the Square Forums since I see this is your first post.įirst of all I am not an accountant or Tax advisor and you may want to check with your accountant before doing this. ![]()
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