Square’s default close of day is 24:00. 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 24:00, your deposit will be sent in two full 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:
- Sign in to your online Square Dashboard > click Sales > select Deposits.
- Click and select a 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.
- Click Apply Adjustment.
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 post the day after. If this was a Wednesday, the deposit would be posted on Friday.