Hi, I would like to know how do I account for Square fees? I currently use QBO and I haven't included the fees at all. The way I do it is I create an invoice & collect the amount that is deposited into my bank vs what was invoiced and received via square. Could someone provide some insight on the proper way to record this transaction?
Square Fees
Answers
I hope this URL answers your question.
https://quickbooks.intuit.com/learn-support/en-us/install/square-processing-fee-question/00/194912
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Accounting