1099-K reconciliationΒΆ
Square files a 1099-K with the Internal Revenue Service each year. This form shows the total dollar amount of transactions processed by Square per month for each calendar year. Forms must be available for download by January 31st of the following year.
Provide a copy of the 1099-K to Foundation Group for record-keeping.
Review the totals on the form and ensure they match QuickBooks.