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How can Clover help merchants view and analyze reports? What features should be added to Clover’s software to improve analytics?

Reporting Functions: Accounting Sync

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Accounting sync should include daily merchant fee as separate line item

When the accounting sync is turned on, QBO receives a daily journal entry with sales, sales tax, tips/gratuity and the offset is cash/credit card payments. Clover needs to add a line item for Merchant Fees. The total bank deposit does not tie to the accounting sync because the merchant fees are not included. The bank deposit for the day is total credit card payments received less merchant fees. It would be great to see the merchant fees synced with QBO.

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Mindy shared this idea  ·   ·  Report…  ·  Admin →
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  • Mindy commented  ·   ·  Report

    We would like to see the option to add Merchant Fees when syncing daily transactions to QBO from Clover. Currently, the journal entry that is posted in QBO does NOT included Merchant Fees, thus overstating credit card payments received. Then, what hits the bank account does not tie to the Clover sync detail. Or, instead of withdrawing merchant fees on a daily basis, debit the bank account once for entire month in a separate transaction. Otherwise there is no point is using the accounting sync feature with Clover to QBO.