thread Re: Can I separate donations from sales? in Banking With Square https://community.squareup.com/t5/Banking-With-Square/Can-I-separate-donations-from-sales/m-p/783318#M11452 <P>Hi there&nbsp;<a href="https://community.squareup.com/t5/user/viewprofilepage/user-id/641907">@Hopewacup</a>. &nbsp;So this is an issue you will have to explore with your accountant. &nbsp;Square is required to report all monies taken in (by any method) as sales. &nbsp;If you are going to donate those funds, you would do so in your accounting software and book it as a donation, which is the same as an expense. &nbsp;This has the effect of causing donation “sales” to be zeroed out, and you won’t be on the hook for taxes on those.</P><P>&nbsp;</P><P>I hope that helps.</P> Thu, 13 Mar 2025 22:29:42 GMT TheRealChipA 2025-03-13T22:29:42Z Can I separate donations from sales? https://community.squareup.com/t5/Banking-With-Square/Can-I-separate-donations-from-sales/m-p/783312#M11451 <P>I am currently taking donations for a fundraiser, but the donations that people are sending in thru the link are being added in with my daily sales. How can I separate them and have the donations go to a square savings?</P> Sun, 21 Sep 2025 07:27:33 GMT https://community.squareup.com/t5/Banking-With-Square/Can-I-separate-donations-from-sales/m-p/783312#M11451 Hopewacup 2025-09-21T07:27:33Z Re: Can I separate donations from sales? https://community.squareup.com/t5/Banking-With-Square/Can-I-separate-donations-from-sales/m-p/783318#M11452 <P>Hi there&nbsp;<a href="https://community.squareup.com/t5/user/viewprofilepage/user-id/641907">@Hopewacup</a>. &nbsp;So this is an issue you will have to explore with your accountant. &nbsp;Square is required to report all monies taken in (by any method) as sales. &nbsp;If you are going to donate those funds, you would do so in your accounting software and book it as a donation, which is the same as an expense. &nbsp;This has the effect of causing donation “sales” to be zeroed out, and you won’t be on the hook for taxes on those.</P><P>&nbsp;</P><P>I hope that helps.</P> Thu, 13 Mar 2025 22:29:42 GMT https://community.squareup.com/t5/Banking-With-Square/Can-I-separate-donations-from-sales/m-p/783318#M11452 TheRealChipA 2025-03-13T22:29:42Z