Claiming fees for GST and tax purposes

[Alfie-19]

How do I claim the fees taken out by square pay?

The payment, minus the fee goes directly into my bank account, which means there is no record of fees already taken in my bank account

Is it possible to receive a quarterly statement of fees paid so that I could add it manually?

[lawnbrook]

HI @Alfie-19 ,

I see it's your first post, welcome to the seller community.

You can get the information you need out of a couple of places in the dashboard:

Firstly, for a particular transfer you can find a breakout of the square fees (and GST on those fees) for a specific transfer under Balance/View All Transfers.

A better way would be to use the reporting in the square dashboard. The fees appear in both 'Reporting/Sales Summary' and 'Reporting/Payment Method' reports. You can customise the time period for either of these reports (just specify the start/end date of the quarter if that's what you want). This figure is GST inclusive.

I hope that helps.

Regards,

Bruce