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Rage23
Level 1

Square Gift Cards in Quickbooks

I have my quick books connected to my bank and square. I need help with Square Gift cards. In my chart of accounts I have Square tips as a sub category of Square Income, and it shows correctly in my P&L. I also have Square Gift Cards as a sub category of Square Income as well, listed as "Other Primary Income", but it does not show in the P&L, like the Square Tips do. In my Chart of Accounts, I also have a Square Gift Card as it's own category a "Other Current Liabilities" to keep track of gift cards being bought and used. How do I get Square Gift cards to show under Square Income as tips do and keep track of when they're being bought and used? 

1 Comment 1
Carneil_C
QuickBooks Team

Square Gift Cards in Quickbooks

Hi there, @Rage23. Thanks for taking time to reach out to the Community for Support. I'll be glad to assist you in sorting this issue with Square Gift Cards in QuickBooks Accountant Online. 

 

Since your Account Type is Other Current Liabilitiesyour Square Gift Cards as a sub-category of Square income won't appear in your Profit and Loss report. In the meantime, you'll want to pull up a Balance Sheet report to keep them on track.

 

Here's how: 

 

  1. Go to Reports on the left panel.
  2. Type Balance Sheet in the search field.
  3. Click Run Report

 

Find out more about managing reports in QuickBooks Accountant Online through the following articles:

 

 

Additionally, I'll be adding this link if in case you'll wan to know more about managing your transactions:  Learn the reconcile workflow in QuickBooks.

 

Get back to me here if you have further questions with your transactions. I'd be more than happy to answer it for you. Have a nice day.

 

 

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