sync square with quickBooks

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Sync Square with QuickBooks

• COMPLETE GUIDE

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What is Sync with Square?

• Sync with Square imports your Square sales
  transactions and settlements into QuickBooks. At
  the end of each day, every sale recorded in
  Square is automatically imported into QuickBooks
  as an invoice and payment. Once you have imported
  the transactions, you can see the sales, refunds,
  taxes, tips, and discounts that you processed
  with Square. Details of the invoicesuch as the
  item and the quantity sold, applied discounts,
  shipping costs, and taxes paidare also recorded.
  Fees, such as bank deposit fees and transaction
  fees charged by Square, are also imported to
  accurately reflect your accounts.

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How to sync Square with QuickBooks

• We know that small scale and medium scale
  businesses are using a different type of payment
  methods to better serve their clients. Today, one
  of the most famous applications for sales
  transactions is Square. Business who has already
  harnessed the power of QuickBooks Online is able
  to seamlessly sync Square with QuickBooks.
• This is done with the help of Sync with Square
  QuickBooks free application that within the QB
  Online app store

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Features of the QuickBooks Online Sync
with Square

• It can Automatically import paid invoices from
  the Square as invoices, payments, and deposits
  into QuickBooks Online.
• It enters data in such a way that credit card
  payments are batched together as deposits, so
  they can be easily reconciled.
• Item details are preserved(providing the item
  names exit within QB Online) and sales data
  include taxes, tips, and discounts.
• Refunds are imported.
• With the help of square, you can import data up
  to 18 months of transactions.

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What do I need to know before I connect to Sync
with Square?

Before you connect, make sure of the following
set up sales tax (if you haven't already), make
sure that the bank account you use for receiving
Square settlements is set up in QuickBooks, and,
optionally, import your Square products list into
QuickBooks

• How do I import transactions with Sync with
  Square?
• After you connect, transactions start importing
  automatically on a nightly basis. Depending on
  the number of transactions, it might take about
  24 hours for all your transactions to import. We
  recommend that you review your imported Square
  transactions on a regular basis to make
  adjustments or additions if needed.

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Limitations of sync Square with QuickBooks update

• You cant import buyer details such as name or
  email id. While viewing the data, they are all
  seen as Square Customer.
• A summary of daily transactions is not available.
  Presently, daily transactions come through one by
  one after settlement, meaning that a large volume
  of individual sales might be hard to see.
• Reviewing transactions before they are imported.
• User cant pay a QB invoice using Square.
• For multi-location businesses, there may be
  finite functionality based on how they are set
  up. If your position all operate under one QB
  account, then Sync with Square is the best
  application for you.
• A deposit is generated by fees accounted for when
  Square pays out to your bank account.
• Square for QB Desktop is inventing but not yet
  available.
• Square sales are imported as invoices and
  payments in the QB.

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How many times a day does Sync with Square import
my transactions?
This app imports transactions once a day, at the
end of the day. The import starts from the day
that you connect to Sync with Square. You also
get a summary of these imports via email, unless
you choose to turn this subscription off.
.

• How do I disconnect from Sync with Square?
• You can easily update your settings at anytime

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THANK YOU

• I hope you will find the article useful. For more
  information, you can dial our QuickBooks Helpline
  Number 1-855-441-4417.