thread Re: Can I split a deposit into two separate bank accounts? Mine and my employers? in Archived Discussions (Read Only)

Can I split a deposit into two separate bank accounts? Mine and my employers?

dazchaz — Thu, 14 Apr 2016 21:49:23 GMT

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

George — Thu, 14 Apr 2016 22:05:16 GMT

Not at this time. One deposit goes into one bank account, which you'll then need to divide.

But it's a great request that I'm happy to bring up with the team.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

lickskillet — Mon, 25 Jul 2016 19:11:48 GMT

Yes splitting a deposit would be very helpful for distributing taxes & tips!

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Corptaxgal — Fri, 10 Nov 2017 16:56:21 GMT

This feature would be so helpful for those self-employed individuals to put away part of their income to make their estimated tax payments as their income is earned.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

tlacobie1 — Tue, 13 Feb 2018 22:49:09 GMT

I agree. If you can split it, it would make it easy for people to put money away for taxes.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

PintSeeker — Thu, 06 Sep 2018 16:06:25 GMT

Any update to this? Since Square doesn't pay our sales taxes it would be really helpful for that ammount to be placed in another accout. Far too easy as a small biz owner to accidentally spend money earmarked for one thing on another and then find themselves short.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Chad — Sat, 08 Sep 2018 21:21:55 GMT

Hello @PintSeeker, this isn't on our road map right now, but we are still tracking feedback on this thread. 🙂

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

SaltFireBrewing — Sat, 08 Sep 2018 21:55:57 GMT

Put it into the next sprint along with allowing employees to split up their auto deposits into multiple accounts. Both are pretty standard payroll biz practices.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Chad — Sat, 08 Sep 2018 22:07:41 GMT

@SaltFireBrewing we can get a separate thread started for that feature request, since that would be something for Square Payroll. If you start the thread and give us some examples of how you'd like to see it implemented, we will move it to the feature request board so we can track the requests.

This thread is about multiple bank accounts for one location.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

diywooddecor — Wed, 10 Oct 2018 21:02:57 GMT

This is a feature that should be a no brainer. We need the options to deposit sales tax revenue into a seperate account. Payroll companies have allowed employees to split deposits for years. It surely can't be that difficult to allow split deposits. Please add this feature! 🙂

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Prettypawshali — Wed, 12 Dec 2018 13:37:51 GMT

This is exactly what I need and I really hope it gets some traction!

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

PaulKlink — Sat, 12 Jan 2019 10:05:04 GMT

Really, not trying to be sarcastic but clearly, there's interest in this ability since 2016... It's 2019, please don't just put this on your road map, make it happen, please? Unless of course you're trying to mitigate alternatives to the capital option by allowing your same lending clients to rake their own percentage into a separate holding account instead of you guys making money on loaning the same way...seems reasonable and obvious and I pray I'm wrong!!! Please prove I'm very wrong and show me how I can rake a % into a separate account to save my funds instead of loan, payback by the same rake, but pay you guys through your Capital a huge fee...which is still awesome and useful, but please add this % Rake so we can save some too... Thank you!!!

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

ingridrobinson — Wed, 20 Mar 2019 15:23:59 GMT

Add us to the list of businesses that need this feature. Splitting a sale into multiple deposits allows for comissions. Please add a feature to pay comissions using zelle or paypal or direct deposit/ach.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Imag3 — Sat, 19 Oct 2019 07:44:08 GMT

Same here. How is this not implemented yet? And why?

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

isabelle — Sun, 20 Oct 2019 20:34:17 GMT

Hey @Imag3!

We want to meet the needs and requests of our sellers, so perhaps this is something we may be able to make available in the future. I can see how this would be useful to businesses that have more than one owner or otherwise. We will post an update in this thread when we have one. Thank you for your patience.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Resumebuilderso — Mon, 11 Nov 2019 21:39:29 GMT

So this has been asked for since 2016 and hasn’t been implemented yet? Even though every payroll company but yours offers it? Oh jeeze.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Corptaxgal — Mon, 11 Nov 2019 21:47:57 GMT

I agree. I've been asking for this for years.

I can't tell you how many self-employed's get into deep water because they can't save their sales and income taxes in another account. they just see the big # and go WOW I'm really raking it in until the tax man comes......

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Keith23 — Fri, 31 Jul 2020 00:28:22 GMT

Having the ability to split a transaction into sales deposit and sales tax would be a very beneficial feature.

Re: Can I split a deposit into two separate bank accounts? Mine and my employers?

Joe — Fri, 31 Jul 2020 14:14:14 GMT

Thanks for adding your voice here in support of this feature, @Keith23! We've noted it! We will continue to update this thread with new updates as they come down the pipeline.

Thanks for your patience!