- Subscribe to RSS Feed
- Mark Thread as New
- Mark Thread as Read
- Float this Thread for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
I'm thinking of getting a Square for my non-profit to use at fundraisers. My worry is that our acocuntant is a volunteer who has always run the books herself and I want to minimize her headache. So, very important question...
Does money form each individual transaction go to our bank account individually? Or is there an option to aggregate those into lump payments?
In other words...
If ten people make ten seaprate purchases on Square, do we get ten separate deposits in our bank account? Or can we group those into one big deposit?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report
Deposits are made on a daily basis. If ten customers each make a purchase during your business day, you will get one deposit containing all of those ten sales, minus Square's fees.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report
Hey @Yacht,
Did you know that you can switch your transfer options to manual? This means you can keep your takings in your Square account and only initiate a deposit when you want to send one. Read more on this here.
Hope this helps, let me know if you have any questions 🙂
Square, Australia
Sign in and click Mark as Best Answer if my reply answers your question.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report
I really would like the transfers to happen automatically, just once a month, not daily. It is too much for my accountant to keep getting all these deposits.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report