I have an account that I use for marketing gig work which was all invoiced. I am also a school reunion organizer and would like to use my account for ticket sales. Mostly these will be online via my website but I do have the chip reader device for in person transactions.
What is the simplest way to transact and yet keep these isolated and labeled for the event? We have a website where I can post a link to direct classmates. I also have enrolled in Signup.com to link there as well. All I need to do is take money and issue a ticket of some kind for them to present.
Hi @hollyhearn. I’m having to make a couple of guesses about what you are asking here when you say “keep these isolated and labeled for the event.” If I’m wrong, correct me and I’ll try again.
You can create a category that would contain your reunion tickets, and create reports for that category to show sales. That’s easy enough. What is not easy enough is keeping those sales separate from your gig work sales. That’s because you are mixing personal with professional here, which is never a good idea. Square, by law, must report all card transactions you process as sales income for the business account. At the end of the year, these ticket sales (personal or not) must be included as business income for the purposes of taxes. The IRS and other taxing authorities will not just take your word for it that this was personal stuff you used your business account for. Also, card issuing companies (Visa, etc) have rules about this and if they ever find out they can suspend or even permanently revoke your card processing privileges. You don’t want that.
I would recommend setting up a personal Cash App or Venmo account and taking ticket sales payments in that way. This will keep you legal and all.
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