Invoice Payment for Event Deposits

[ChambersSF]

When I create an invoice for an event in the future, will the revenues and tax liability post to my account when the payment is made or when the event occurs?

Is there a way to configure a non-revenue deposit that gets taken in advance and then gets applied to the bill on the date of the event? This would occur in much the same way as gift card revenues are handled I would think.

[JJ_]

Hello there @ChambersSF

Square will only report completed payments. This means that if you create an invoice, the gross and net profit and any applicable taxes of this invoice will only get reported once your customer completes the payment.

In this case, you can record a payment using Square Point of Sale, and later on, via the Square Dashboard, you can indicate that payment for this invoice has been recorded. However, if you do so that payment will count toward your gross sales.