Square sales journal entry

donaldem · ‎March 22, 2020

I have set QBO to sync with my square sales. When Square imports the sales, it creates a journal entry for the taxes etc. The tax withdrawals hit my bank account on different days and because of this, I can't reconcile my year-end amounts. How could I adjust the journal entry to match the days it hits my bank account?

Thank you,

Donaldem

MirriamM · ‎March 22, 2020

Welcome to the QuickBooks Community forum, @donaldem.

To adjust the journal entry, you'll have to follow the bank statement. If the transaction is not posted, then you don't need to include it when doing a reconciliation.

For guidance in reconciling your account, you can check these helpful resources:

If you have any other follow up questions, let me know by commenting below. I'm here for you; Have a great day!

View solution in original post

MirriamM · ‎March 22, 2020

Welcome to the QuickBooks Community forum, @donaldem.

To adjust the journal entry, you'll have to follow the bank statement. If the transaction is not posted, then you don't need to include it when doing a reconciliation.

For guidance in reconciling your account, you can check these helpful resources:

If you have any other follow up questions, let me know by commenting below. I'm here for you; Have a great day!

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