Square → QuickBooks sales

Posts a daily sales summary journal entry. Sales credit income; tax and tips post as liabilities. Square processing fees are pulled from Square and booked as an expense, so the clearing account is the netthat actually deposits. Map a “Merchant / processing fees” account below. Review each entry in QuickBooks after posting.

Heads-up: Square finalizes fees at settlement (usually the next business day), so a very recent day may show a smaller fee until it settles — preview it again once it has.