Connect with and learn from others in the QuickBooks Community.
I'm here to walk you through the process of recording your sales transaction, info1372.
When you sync your Square app with QuickBooks Online, transactions are automatically downloaded as invoices or payments. If you want to record an invoice, then we'll have to do the following:
Here's how to create an invoice:
After that, let's create a receive payment for the invoice. Make sure to deposit the amount to the Undeposited Funds account. I'll guide you how.
Then, let's record a bank deposit to include the processing fees by following these steps:
Once done, we can now match the deposit to the payment posted on the Banking page.
Here are the steps:
For more information about managing Square transactions in QuickBooks Online, I suggest checking these articles:
Additionally, I've added an article that'll help you reconcile your accounts so they match your bank and credit card statements: Reconciliation Guide.
For more questions in recording transactions in QuickBooks Online, feel free to click the Reply button. This way, we'll be able to answer them for you.
Explore this connector to reconcile your Square data into QBO account.
If you are trading merchandises, you may have an inventory management app as the connector.