How Square bills you
Invoices from Square usually go in Bank and processing fees. Here is how it charges you and what to check before it renews.
Square at a glance
- CategoryPayments and commerce
- How it billsUsage-based
- BilledMonthly
- Posts toBank and processing fees
How to book it
Invoices from Square normally post to Bank and processing fees. When a subscription covers a period that runs past your year end, the part that relates to next year goes to prepaid expenses instead of this year's costs.
Before you renew
The bill follows consumption. It can change sharply from month to month. Worth a spend alert instead of a fixed budget line.
- Compare the seat or usage count on the invoice against who is actually using it.
- Check whether the renewal is auto-renewing, and what the cancellation notice period is.
- Compare the tier you pay for with what you actually used over the last three months.
- Confirm the invoice is coded to the same account every month, because vendors change their billing entity more often than you'd expect.
Alternatives
How a vendor bills is general information and can change without notice. Check the vendor's own pricing page before you budget against it. We aren't affiliated with any of the vendors listed here.
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