Xero Square Integration
We make Square accounting as easy as...
Sync Square payout data with Xero on autopilot
Settlements broken down into sales, refunds, fees, GST, and more
Have confidence that your Square bookkeeping in Xero is accurate
Link My Books automates the entire Square bookkeeping process. You focus on being creative, we’ll keep your books in order.
Xero App Store
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Capterra
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QuickBooks App Store
With Link My Books' Square Xero integration, businesses can avoid the common mistakes typically encountered, including overpaying GST.
Square accounting doesn't have to be time consuming
As an ecommerce business owner your time is better spent on tasks that will help you grow your store.
Link My Books helps you save time and money by automating your Square accounting.
Square payouts in, clean summaries out
Each time you receive a payout from Square, Link My Books generates a clean summary invoice breaking down all the sales, refunds, fees and most importantly the GST.
This invoice matches exactly the deposit you received into the bank making reconciliation a single click task.
Square seller accounting made easy
With Link My Books taking care of your Square accounting, you can focus on creating new designs and growing your store.
Having accurate accounts on autopilot will not only save you time each month, there's also a chance it will lower your tax bill too.
There's no room for human error in tax efficiency
However you decide to do your Square accounting you need to be certain that your books are accurate to ensure you are growing your business in the most tax efficient way possible.
Since 2018 we've worked with 8,000+ businesses and we've found that upwards of 75% of them are making some form of accounting mistake.
These mistakes can ultimately lead to you getting your GST filings wrong and paying too much or too little tax, both of which can land you in hot water.
Why automate your Square accounting?
5 reasons why you should choose us
VAT/ GST/ Sales Tax - We Know them All
Loved by Xero Users
Value for Money
Secure
Amazing Support
Enjoy peace of mind with expert support
With 1:1 onboarding calls, live chat and email support plus easy to follow step by step guides and video tutorials - we will help you to get your Link My Books account set up in minutes so that you can save hours each and every month.
“I asked quite a random question and I received a swift response from Deborah, which was extremely helpful and demonstrated how knowledgeable the support team are.”
We’re experts in Square and accounting
Our team is made up of ex 7 figure sellers and accountants. We know that accounting may not be your favourite task each month or even one that you’re 100% confident on. If you have a question - we’ll have the answer.
“The set up was very easy and quick. On top of that you get a 5* customer service, Rachel is brilliant, she responded to all my requests in a short time, she was knowledgeable, efficient and quick.”
“I asked quite a random question and I received a swift response from Deborah, which was extremely helpful and demonstrated how knowledgeable the support team are.”
“The set up was very easy and quick. On top of that you get a 5* customer service, Rachel is brilliant, she responded to all my requests in a short time, she was knowledgeable, efficient and quick.”
Looking for a specialist Square accountant for your business?
Well, you're in luck. Link My Books works with some of the leading ecommerce accounting specialist firms across the UK, US, Canada and Australia.
Trustworthy and knowledgeable Square seller Accountants
To become a Link My Books approved Square accountant our partners must demonstrate:
You can rely on the advice of our specialist ecommerce accountant experts
How to integrate Square with Xero
Step 1: Start a free trial
Simply sign in using your Xero account - that’s it!
Step 2: Connect your Square account
We’re an Approved Square Software Partner and only need read-only access to your seller account.
Step 3: Confirm your setup
We’ll suggest some sensible defaults for you based on our vast experience working with thousands of sellers and accountants.
Step 4: Automate your Square accounting
Accurate accounting on autopilot - what more could you want?
Frequently asked questions
Does Square connect to Xero?
Yes, Square connects to Xero using Link My Books, a software that helps sellers automate their accounting.
What accounting system does Square use?
Square store owners should choose something like Xero and Link My Books for their accounting because it automates the whole process.
How secure is the data transfer between Square, Link My Books, and Xero?
We encript all data in transit using 256-bit encription and once we have processed reports we purge them from our system to ensure your data is safe.
How can I make interpreting my Square transactions easier with Xero?
You can make interpreting your Square transactions easier with Xero by hooking them both up to Link My Books to save you a bunch of time in importing all the sales data manually.
How often does Link My Books sync data from Square to Xero?
Link My Books syncs data from Square to Xero every time you receive a payout from Square.
Can Link My Books handle different tax rates for different types of products?
Yes, Link My Books can handle different tax rates for different types of products. You can create groups pf product and allocate different tax rates to each group.
How does Link My Books handle returns and refunds from Square in Xero?
Just like with Square orders, refunds are broken down into their principal, shipping and fee amounts and accounted for accurately with the correct tax rates.
How does Link My Books handle inventory tracking and cost of goods sold (COGS)?
You can optionally turn on our COGS tracking feature which will help to automate the accounting for your cost of goods sold too. We'll then take a count of each of the products sold as part of each of your Square payouts and move their monetary value (landed cost) from your chosen inventory account on the balance sheet to your chosen cost of goods sold account on the profit and loss statement.
Can I import historical data from Square to Xero using Link My Books?
Yes, your free trial includes a 90 day historical data allowance and once you subscribe to a paid plan you can get up to 24 months of historical data allowance, depending on the plan you choose.
Can someone else do Square accounting for me?
Yes, we have a wide range of approved parter accountants and bookkeepers who we can connect you with. Check out our Approved Experts page.
Is the Square Xero Integration difficult?
No, with just a few clicks you'll have your Square account and Xero account connected to Link My Books. Our guided setup wizard and support team get amazing reviews so you're in safe hands.