Service fees from square: When connecting a client invoice to a bank payment, how do I show the service fee from square? and still zero out my clients invoice?

I can help you get through with this, thenextsteppeven.

To record the service fees while paying the invoices in full is easy. Here's how to do it:

1. Open the invoice and click Receive payment.
2. Ensure the details are correct: Customer, Payment date, Payment method, and Reference no..
3. Select Undeposited Funds in the Deposit to field.
4. Mark the invoice and enter the full payment amount.
5. Click Save and close.

Then, let's create a bank deposit that includes the invoice payment and the service fees:

1. Click the + New button and select Bank deposit.
2. Select the affected bank in the Account field and the Date.
3. Mark the invoice payment under the Select the payments included in this deposit section.
4. Go to the Add funds to this deposit section.
5. Select the service fee account in the ACCOUNT column.
6. Enter the amount as negative.
7. Click Save and close.

You can also see those steps in this article: Record and make Bank Deposits in QuickBooks Online.

Let me know if you have trouble following those steps. I'll be right here to provide further assistance.

Hello,

If you mean for example, an invoice of 110.00 but square took out 10.00 fee (imaginary amounts), then this is how you do it to close your invoice.

From banking menu select FIND MATCH and select the invoice the payment is for.  In the payment field, enter the FULL amount owed on the invoice and then slide button to RESOLVE.  Then add the Payee (Square) and expense account you use to track the square fees. Enter the fee amount as a negative number. That will allow you to record full payment on the invoice but also increase the expense account for the Square fees.

Picture attached