{"id":11536,"date":"2024-05-25T20:52:20","date_gmt":"2024-05-25T10:52:20","guid":{"rendered":"https:\/\/terramedia.com.au\/?p=11536"},"modified":"2024-05-25T20:52:31","modified_gmt":"2024-05-25T10:52:31","slug":"sop-how-to-reconcile-the-amaka-square-bank-feed-in-xero","status":"publish","type":"post","link":"https:\/\/terramedia.com.au\/sop-how-to-reconcile-the-amaka-square-bank-feed-in-xero\/","title":{"rendered":"SOP: How to reconcile the Amaka Square bank feed in Xero"},"content":{"rendered":"\n

Square provides an easy to use POS platform that allows businesses to quickly implement a modern POS solution into their processes that can connect to their online store, manage their inventory and lots more. However, with every POS comes a need for accounting, and Square does provide integration to Xero through Amaka to streamline the account reconciliation process. However, this bank feed doesn’t work in quite the same way as most others and we find it can leave clients confused as to how to actually reconcile their Square balances in Xero.<\/p>\n\n\n\n

Why? The Square bank feed doesn’t create transfer transactions for the settlement into the bank account. They don’t exist. When clients manually add them from their bank feed, it results in transactions that cannot be reconciled on the Square side since they are simply not there in the Square bank feed. <\/p>\n\n\n\n

Other merchant service gateways, like Stripe, behave just like a normal bank feed, but the Square integration via Amaka does not. <\/p>\n\n\n\n

We find this confusion repeatedly occurs with our clients who use both Square and Xero, and documentation on both the Square and Xero sides is conspicuously absent on this issue. So, with that in mind, in this standard operating procedure (SOP), we’re going to cover how to complete the reconciliation of a Square sale in Xero.<\/p>\n\n\n\n

In this SOP, we assume that you already have your Square bank feed connected in Xero using the Amaka integration, that it is all configured, and that it is creating transactions in the bank feed, along with matching invoices, fee payments and so on, in line with the process that you have configured. If you need assistance with connecting Square to Xero, you can reach out to Amaka support, or you can get in touch with us<\/a> and we can assist with configuring the integration for you.<\/p>\n\n\n\n

SOP Summary<\/h2>\n\n\n\n