QB Issue Resolution:

All sales transactions in your Square account are automatically imported into QuickBooks Online as invoices. This means that you don’t have to record your invoices and apply payments manually in QuickBooks. Otherwise, your income will be overstated.

 

Also, all invoices from Square will be posted under a default customer. This is because the customer data between QuickBooks Online and Square aren’t synced. This is also the reason why you can’t assign the invoices from Square to your customers in QBO.

 

For now, you will need to undo the manual entry so your income is correct. Please see these articles for more details:

 

Click the Reply button below if you have other questions. I’d be glad to help you again.

Resolution for Issue 'Square deposits appearing together with invoices and over stating income.' available: Yes (Solved).
Source: Intuit Community forum.

Square deposits appearing together with invoices and over stating income.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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