End of Year & Merchant Accounts

[Danw2909]

Hi there,

I would like to use the End of Year Comparison service but I am having trouble as I’ve got lots (53,960) of untagged transactions in my Square Merchant Account.

This is my first year of bookkeeping with QuickFile and I have set it up similar to how I have previously done it with other bookkeeping software so I don’t believe I have to tag all these transactions in order to provide an accountant with the information they need to service my end of year.

I have tried to hide the account and to delete the account but hiding it does not work and in order to delete, I would have to remove all the transactions 200 at a time. Therefore, it would take me forever!

Does anyone know the right way to resolve this? Is there an easy way to either tag all the transactions or delete the all the transactions without manual lying going through page by page?

Thanks

[QFSian]

Hi @Danw2909

It may be best to speak to your account to see whether they would need the details of these transactions, but we always recommend having them tagged as this will prove where the money has come from into your bank.

For more information on how to handle payments from merchant accounts, please check out the following article: Handling payments from merchant accounts