QuickBooks Online automatically matches the transfers and deposits and marks the transactions as reconciled. Step 3: Start the Reconciliation Process. Step 2: Provide a statement balance amount and statement date. Step 1: Navigate to the bank reconciliation page in QuickBooks Online. You can also create TRANSFER transactions direc tly in the Bank Review screen if it is not available. Step 2:В Click the 'Match' link to accept the transactions. These TRANSFER transactions won't be created if you have not enabled Payout processing in PayTraQer. Step 1:В Navigate to the Banking Section in QuickBooks Online, you could see that the TRANSFER transactions of ' Square Bank Account'В is matched against your deposits. While providing the settings, you need to select the same bank account ( ' Square Bank Account'В or created Bank Account) for Sales, Expense, Fees, Items & Payout.Д¬onfigure Square Sales settings with your Square Bank AccountД¬onfigure Square Fees settings with your Square Bank AccountД¬onfigure Square Expenses settings with your Square Bank AccountД¬onfigure Square Payout settings with your transfer sales account Save Time, Reduce Errors, and Improve Accuracy Dancing Numbers helps small businesses, entrepreneurs, and CPAs to do smart transferring of data to and from QuickBooks Desktop. Step 4: Record (Sync) the transactions from Square to QuickBooks Online ( How to?). You can easily reconcile your PayPal app transactions to QuickBooks Online with the help of QuickBooks reconciliation feature. Step 3: Configure the sync settings for Sales, Expense, Fees, Items & Payout ( How to?). Step 2: Connect Square with PayTraQer ( How to?) Step 1: Connect PayTraQer with your QuickBooks Online ( How to?) The downloaded transactions will be available in the bank review section. Step 3: Setup the bank feeds in QuickBooks Online or upload the Bank Statement in QuickBooks Online. Step 2: CHECKING ACCOUNT/CURRENT ACCOUNT should not be used directly to record your Square sales as it will create numerous issues in reconciling the Square fees. This account will be used to record your Square sales & Square fees. Step 1: Create a Bank Account named 'Square Bank Account' (or name it as needed)В in QuickBooks Online. It is always better to follow the industry's best approach to avoid the reconciliation nightmare.ДЇollow the steps to Reconcile Square Deposits in QuickBooks OnlineДЎ) SetupВ QuickBooks Online for Reconciliation: You can reconcile Square transactions/statement in minutes with QuickBooks OnlineВ using PayTraQer.

How to reconcile in quickbooks desktop