Professional help for E-Commerce enterpreneurs

Accounting Tax Services for Square in Canada

Accountor CPA services for Square users can upend the way you plan your business’ present and future. With our tax accounting and bookkeeping solutions specifically tailored for Square technology, you can expand your customer base, generate more revenue, and grow your business like never before.

1 Financial Square Services
  • Corporate finance expertise
  • A2X, QBO & XERO experts
  • SAGE & FreshBooks gurus
2 Business expansion
  • Evaluation of goals & issues
  • Situation analysis
  • Custom solutions for business
3 Easy communication
  • Customer centered connection
  • Explaining elements in details
  • Collaborative work system

Our Vision & Mission for Square Services Clients

Our vision and mission for our Square clients when it comes to accounting and tax services is simple: provide expert support and professional, certified services to each and every person to help them achieve their biggest business goals.

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info@accountor.ca +1-416-646-2580
4580 DUFFERIN ST, SUITE 408 NORTH YORK, ON | CANADA
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The list of providing services

Software Integration, Syncing, & Management

We work with the most robust tax accounting and bookkeeping software compatible with Square to ensure all your business needs are met. With seamless syncing and integration, you have all the data you need.

Financial Statements

How can you know how your business is doing in various markets if you do not have regular financial statements? We offer financial statement preparation and analysis for Square sellers so you can grow your business effectively.

Payroll

Is your Square enterprise growing? Our payroll services for Square using their team management helps you follow local payroll laws and ensures your team is paid right and on time.

Full Service Accountants

Cover all your bases with financial statements, cash flow analysis, record-keeping, and financial planning. Whatever Square accountant services you need, Accountor CPA can help.

Bookkeeping

Managing invoices, sales, expenses, and other financial documents for a Square business can be overwhelming. We provide bookkeeping services to keep you organized.

Registering for and Filing Sales Tax

Accountor CPA offers tax services to ensure you register for, charge, and remit sales tax on your Square payments and revenue. We help you navigate the legislation of Canadian tax law so you can stay compliant.

What Our Clients Say

I wanted to expand my American Amazon reselling business to Canada and had no idea where to start. Accountor CPA helped me register for tax numbers, file taxes, and make decisions about how to grow in the Canadian market.

Zoe / FBA Company Owner

Since signing on with Accountor CPA three years ago, we have nearly doubled our business growth year on year. With their expert advice and practical help with accounting and tax filing for our Amazon business, we have been able to grow way faster than we imagined.

Eric / Amazon Store Owner

I thought I had a good set up for my A2X and related software, but the accountants at Accountor CPA advised me to make some changes and upgrades to see if I could improve my business growth. They were right! My day to day is way smoother now and I’ve found opportunities I would have otherwise missed.

Serg / E-commerce Business

Running my Amazon reseller business has a lot of moving parts and I rely on Accountor CPA to help me stay organized. I work with them for my tax filing, bookkeeping, and accounting, and could not be happier.

Alma / Amazon Reseller Business

Whatever the size of your business, Accountor CPA provides the most cost-effective way to add highly experienced professionals to your management team.

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Get Help Registering For Tax Accounts in Canada

How are you managing your accounting for your Square payments and customers? Accountor CPA is here to simplify your Square accounting and bookkeeping so you can focus on what you love - growing your business.

Our team of qualified experts and CPAs work with you to help you streamline your Square software, find integration programs that allow you to sync directly with your accounting software, and manage this software from beginning to end. When you work with Accountor CPA, you get an end-to-end solution for your Square accounting bookkeeping, and tax services.

Ready to get started? We offer free consultations for Square customers so you can learn exactly how we can help your enterprise’s operation grow. Contact us today.

Is Square an Accounting Software?

Square is a mobile payment company that specializes in small business software and systems. It differs from other payment processors in that it is available to businesses of all sizes and offers the most comprehensive free POS system on the market. Merchants simply pay a fee per transaction when they use Square.

Square allows merchants to attach a small piece of hardware to their mobile device, meaning they can process payments anywhere and are not tied down to a traditional cash register or POS. It offers a wide range of other services, including invoicing, dispute management, customer management, team and payroll management, inventory, and specialized services for retail and restaurants.

While Square offers these useful services, they do not offer complete accounting solutions. In order to complete Square accounting tax preparation, and bookkeeping successfully, you will need additional Square accounting software.

That’s where Accountor CPA comes in.

Square Accounting Software

Square bookkeeping and accounting software is a necessity for a business to grow and expand. Accountor CPA can help you determine the best Square accounting program to use for your business, and manage it for you year-round.

With all the valuable information collected and tracked by Square when it comes to your finances, it is imperative that you enter it into an accounting software to fully take advantage of all it has to offer. This can be done manually, but this opens you up to making errors and missing transactions, that can impact your bottom line.

Square accounting software syncs data automatically between programs, reducing the risk of error and making sure no transactions or documents get missed. This gives you more free time to do what you do best - run and grow your business.

The team at Accountor CPA can help you determine which Square accounting software is best for you.

Is There Free Accounting Software that Works with Square?

Particularly if you are starting a new business, having the extra expense of accounting software can make a big dent in your bottom line. Because Square is a top choice for many new business owners for payment processing, finding free accounting software compatible with Square is often a priority.

There are a few free accounting software options that allows for compatibility with Square, including:

  • Wave Accounting
  • ZipBooks
  • Zoho Books

However, sometimes these provide limited options and customization for your business accounting. In some situations where your revenue is low, you have no other employees, and few customers, free accounting software with Square can work.

Accountor CPA can help you determine whether you need a subscription accounting software to integrate with Square or if free software is sufficient for you.

Square and Wave Accounting

Wave Accounting is a popular choice for small business accounting because of its customizable features, ease of use, and most importantly, its price tag. Wave Accounting is free to use for its basic features, making it a great option for new businesses or entrepreneurs looking to grow a business.

To link Square with Wave Accounting, you must use a third-party software. There are many of these on the market, however, it can be difficult to navigate choosing the right one for you.

The accounting experts at Accountor CPA can help you choose the best third-party software app to use to connect Wave Accounting with Square. Contact us for a free consultation.

Square Integration with Xero

Xero is one of the accounting industry’s most popular software programs for managing all things accounting, bookkeeping, and tax. When it comes to connecting Square and Xero, you have flexible options that lets you take full advantage of the ease-of-use of both programs.

Consolidating and integrating Square and Xero can be done easily using a few different options.

Firstly, the Square App Marketplace has a Xero integration available with a 30-day free trial and a low monthly fee. This combination of Xero and Square can be done in minutes, allowing you to easily reconcile sales and payments immediately. Daily orders are synced at each end of day and you can customize the information sent to your Xero account. You can get a quick look on your Xero accounting dashboard each day of your Square sales.

Secondly, you can choose a third-party software for Square and Xero integration. For example, Square Xero integration Amaka is a third-party software that allows you to connect the programs together seamlessly.

Your Square Xero set up can be easily completed by our accounting experts. We can make recommendations about the best software app to connect Square to Xero in a way that fits your business’ needs.

Let our experts help you make the most of your Square and Xero integration.

Square QuickBooks Integration: All In One Solution

QuickBooks is one of the most widely-used accounting and bookkeeping software programs in Canada. Whether you are an entrepreneur, small business, SME, or multi-national corporate enterprise, QuickBooks offers customization and scalability to suit your unique needs and grow with you.

It is no surprise that using Square with QuickBooks is a popular integration recommended by CPAs and bookkeepers across the country. If you are using QuickBooks online for your accounting and considering Square for your payment processing, or vice versa, you are hard pressed to find a better combination.

Our professional team of CPAs and accounting experts can provide advice and support related to linking Square to QuickBooks. We can find the best consolidation software, help you set it up, customize it, and manage it year-round. We are here to make sure your Square QBO integration goes smoothly, always.

Benefits of Square and QuickBooks Integration

Integrating Square with QuickBooks comes with a number of benefits that make your business easier to operate and gives you more control over your enterprise’s finances.

  • Eliminate the errors of manual data entry with automatic syncing
  • Get full support from your accounting team and the app developers
  • Import all important data, including receipts, taxes, tips, fees, and invoices
  • Easily reconcile your accounts and books without manual calculations
  • A free plan is available that particularly suits freelancers and new businesses

If you use Square for your payment processing and management, connecting it with QuickBooks Online is often the best solution to get the most control over your cash flow and sales transactions.

Linking and Syncing Square with QuickBooks

To connect Square to QuickBooks Online, simply follow these steps:

  • Set up QuickBooks by connecting your bank account, configuring sales tax, and importing clients and products.
  • Download the Sync with Square QuickBooks integration app from the Square App Marketplace.
  • Configure the bank and expense accounts and primary payment method.
  • Select connect to begin downloading your Square transactions.
  • Manage your settings to decide what information is downloaded and how often.

QuickBooks Online Square consolidation automatically downloads new transactions at the end of each day. Easy as that!

Note, if you need Square integration with QuickBooks Desktop, this is currently supported by the third-party software CommerceSync. If you are trying to connect Square to QuickBooks Self Employed, this is not currently supported by Sync with Square. You will need to use a third party software or upgrade to QBO.

Square Bookkeeping and Tax Accounting Services

Square has grown in popularity because of how easy it is for SMEs, small businesses, and corporations to set up and use. Square makes it possible for anyone to easily collect payments without huge fees or deep technical knowledge. However, there is more to running your business accounting and bookkeeping effectively.

Just some of the Square accounting and bookkeeping services we offer include:

  • Business registration
  • Square POS set up and management
  • Square accounting software integration
  • Tax number registration for all provinces and jurisdictions
  • Tax document collection and preparation
  • Tax filing according to Canadian regulations
  • Tax remittance
  • Complete tax compliance
  • Regular Square bookkeeping and record collection
  • Business expense tracking
  • Accounting support
  • Account reconciliation
  • Accounting and bookkeeping software recommendations and set up
  • Financial statement creation and analysis
  • Audit support
  • Liaising with the CRA on your behalf when required
  • A dedicated team to provide support and answer your Canadian tax questions
  • Professional advice and recommendations year-round

Get Services and Accounting Software that Works with Square from Accountor CPA

If you are using Square for your small business or SME, you need to ensure you are taking advantage of all the technology and information at your disposal. At Accountor CPA, we help you manage your Square enterprise from start to finish.

Using Square for your payment processing and management gives you the time and freedom to focus on expanding your business. Accountor CPA manages your Square accounting, integration, bookkeeping, and tax preparation to help you capitalize on this freedom. We consolidate valuable financial information to help you make decisions about growing your business.

Contact us today for a free consultation and learn how we can help you take your Square enterprise to the next level.