Customise your Close of Day
Square’s default close of day is 00:00. For businesses open after midnight, to ensure that a full day’s business activity is included in one deposit, you can customise your close of day to your preferred time.
Square will group and send payments based on the time you choose to close your business each day. This is referred to as your “close of day.”
If you choose a close of day time after 00:00, your deposit will be sent in full two business days later. Read an overview of Square’s Standard Deposit Schedule.
Set a Close of Day Time
You can set a custom close of day time for each day of the week. To do so:
- Visit Deposits > Settings in your online Square Dashboard.
- Choose a day of the week and set your time zone and your close of day time. It’s recommended that you set your close of day one hour after your actual closing time to provide a window for last minute sales.
- Apply these settings to the rest of the week.
- Click Save.
Close of Day Example
A pub closes at 01:00 every day of the week. The pub owner sets a 02:00 close of day in the Square Dashboard.
At the pub’s close of day (02:00), Square will group all sales from the last 24 hours (02:00 - 02:00) in a single deposit. The deposit will automatically initiate the following day, and appear in the bank account the day after. If this was a Wednesday, the deposit would appear in the bank account on Friday.