When selling gift cards through Square, it’s critical to maintain an accurate record of your gift card liability — the total value your business is obligated to honor in the future. Bookkeep’s Square accounting automation ensures this liability is fully and correctly captured, even in cases where gift cards are sold at a discount.
Bookkeep’s Square Balance Transactions Automation accurately captures financial activity from Square Checking accounts, ensuring all deposits and transfers are reflected in your accounting system.
Learn about tracking Square House Accounts for sales, receivables, and payments with Bookkeep
How to connect Square to begin your daily accounting automation
Learn about the accounting automation available for Square
Explore how Bookkeep handles Square Capital Loan repayments and best practices for recording the initial loan disbursement.
How Square deposits are handled with a detailed breakdown by day to aid in book reconciliation
Understand what Square data Bookkeep cannot post, including limitations around savings accounts and debit card activity, and how Square checking account data is handled for accurate reconciliation.
Bookkeep lets Square sellers choose how revenue is rolled up — by product category, item name, or order source — to improve accounting accuracy and reporting in QuickBooks and Xero.
Learn how to map Square discounts in Bookkeep by product category or discount title.
How Bookkeep maps partial payments made through Square Invoices as deferred revenue liabilities
Square offers a business debit card that connects to your Square balance but requires some extra consideration