Linking your Square account to Hurdlr is a smart and easy way to track your business sales, without needing to link an external bank account.
Link your Square account by tapping More > Banks & Integrations > +Add Income Account > select Square. After successfully linking your Square account with Hurdlr, your historical earnings from Square will automatically be imported, and any new sales will show up as a daily summary to approve.
Your Square earnings pull in as two transactions:
- The net income (total income before Square takes its fees) pulls in as an income transaction
- The associated Square Fee pulls in as an expense transaction (this fee is deductible and should be tagged as business)
If you subtract the expense that pulls into Hurdlr from the income that pulls into Hurdlr, it will match the income that Square deposits in your account.
Additionally, Square earnings in Hurdlr reflect your daily sales totals, net of refunds. So, for example, if you made 3 sales for $10 each on September 1st, the earning will appear in Hurdlr for $30. However, if you also processed a $10 refund on September 1st, your September 1st earnings in Hurdlr will change to $20 ($30 sales - $10 refund). To summarize, if you issue customer refunds, the earning for that day is automatically adjusted to reflect your income after the refund.