Statement codes
What does SQ * mean on a bank statement?
SQ * means you paid a business at its Square card reader. The name after the star is that business, so SQ *HARBOR COFFEE is a coffee shop, not a charge from Square.
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How it looks on a statement
- SQ *HARBOR COFFEE: A coffee shop.
- SQU*MAPLE BARBERS: A barbershop. Some banks print SQU* instead of SQ *.
- SQ *RIVERSIDE FARMSTAND: A stall at a market.
What it is
A shop or restaurant that took your card on a Square reader. SQU* is the same.
How Even Margin handles it
Even Margin treats it as the shop, never as Square, and lets your bank's category for the purchase decide.
Is an SQ * charge from Square itself?
No. Square only carried the payment, and the business after the star is who you paid. Even Margin never counts one of these lines as money to or from Square.
Which category does an SQ * purchase go in?
Whatever you bought there: a client coffee is Meals, printer paper is Office Supplies & Equipment. Even Margin uses your bank's category for the purchase, and a rule on the business keeps a regular one in place.