Invoice and Payment Square Link - Double Income

[DavidDavid19]

Hello,

I have a question regarding double income. If I invoice a customer for $1000, but they use a payment square link separately to pay a portion of the invoice ($500) and then I manually enter that $500 as "Other Payment" on the invoice will Square count this as double income? Or, does Square only consider what actually hits the account as income?

Thank you

[JK_Fiber_Art · Accepted solution]

I believe that's going to mess up your bookkeeping - you have an invoice and a payment link - it's basically two separate transactions.  You can collect a partial payment on an invoice however, manually entering the $500 that you received thru the payment link and later getting the balance due on the invoice - it's going to look like you received $1500 when you really only received $1000 total.  At least that's my logic.  Perhaps some of the other volunteer community members have a different view.

[JK_Fiber_Art · Accepted solution]

I believe that's going to mess up your bookkeeping - you have an invoice and a payment link - it's basically two separate transactions.  You can collect a partial payment on an invoice however, manually entering the $500 that you received thru the payment link and later getting the balance due on the invoice - it's going to look like you received $1500 when you really only received $1000 total.  At least that's my logic.  Perhaps some of the other volunteer community members have a different view.

[MayaP · Accepted solution]

Hi @DavidDavid19,

Thank you for reaching out.

If an invoice was issued, but the customer chose to pay through a separate payment link instead, as JK_Fiber_Art mentioned, it would indeed be treated as two separate transactions, which could affect your reporting.

Out of curiosity, was there a specific reason the customer opted not to pay directly through the invoice? I recommend discussing this situation with your accountant, as they can provide the best guidance on how to handle this transaction for accurate reporting.