Help: How are you matching up the transactions in QB if Square is taking their Fee?
Answered
When my invoices from IO is imported into QB it doesn't deduct the fee(makes sense to me sense the payment processor is Square). However, when reconciling how are we suppose to match up the bank transaction from Square against the invoice in IO when the Square fee is deducted. Right now none of these transactions match up because of the fee.
The same question
Do you mean Square is deducting the fee from your bank deposits?
Do you mean Square is deducting the fee from your bank deposits?
Square is taking the amount and then deducting their fee before it hits the bank account.
If I turn on Square integration in QB it causes duplications from IO and Square into QB. However, the amounts will be different because Square takes their fee. It's a mess this way.
Therefore, I am trying to understand how to matchup the IO invoice payments to my bank when square is taking their fee. It's difficult to reconcile this way.
Square is taking the amount and then deducting their fee before it hits the bank account.
If I turn on Square integration in QB it causes duplications from IO and Square into QB. However, the amounts will be different because Square takes their fee. It's a mess this way.
Therefore, I am trying to understand how to matchup the IO invoice payments to my bank when square is taking their fee. It's difficult to reconcile this way.
Were you able to come up with a way to do this? I spoke to the devs about this and there's not an easy way to do this.
Basically you have to figure out the transactions were in the square deposit to your account and then make a deposit in QB and put the fee on the deposit as well so it matches the bank deposit.
Were you able to come up with a way to do this? I spoke to the devs about this and there's not an easy way to do this.
Basically you have to figure out the transactions were in the square deposit to your account and then make a deposit in QB and put the fee on the deposit as well so it matches the bank deposit.
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