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lavluv
06-17-2019
12:01 PM
When I accept cash though my terminal, will it show up on my 1099-k at the end of the year?
Want to know if square also track the cash or am i resposible for that tracking even if taken via my terminal.
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1 REPLY 1
Regardless of what Square hardware you're using, the cash sales will be reported in your sales reports.
The 1099s will only show your credit card transactions for the year though. You'll need to use an accounting software like QuickBooks to manage all your sales information. Your accountant is going to need to see your total sales figures in order to file your business taxes.
Ryan Wanner
Golden Pine Coffee Roasters
Colorado Springs, CO, USA
Square Champion: I know stuff.
Beta Tester: I break stuff.
he/him/hey you/coffee guy/whatever.
Happy Selling!
Golden Pine Coffee Roasters
Colorado Springs, CO, USA
Square Champion: I know stuff.
Beta Tester: I break stuff.
he/him/hey you/coffee guy/whatever.
Happy Selling!
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