What are "Deferred Sales"?

[RentalsHQ]

The title of this thread has been edited by a Square Moderator from the original: "Deferred Sales"

In sales summaries and the category of "deferred sales" - how does this work? Where do the funds sit and how do we get them transferred to our account balance?

[_Violet · Accepted solution]

Hi @RentalsHQ and welcome to the Square Community! Thanks for reaching out to us with your question. My name is Violet and I'm one of the Moderators here. I'm happy to provide you with some more information on reporting metrics.

We define "Deferred Sales" as the total amount of payments that have been collected, but not yet collected or delivered. This includes payments received for goods or services not yet delivered, recorded as a liability until fulfillment, such as Gift Cards and Invoice deposits.

In your Sales Summary, you can hover over each of these sections for more details:



You can also refer to this Support Article for more reporting term definitions 🙂


I hope this information is helpful but please do let me know if you have any additional questions!