Loud & Square


Q: I’m using a Square credit card reader that attaches to my smartphone, but I’m finding that the transactions don’t always go through properly. Is there a certain smartphone or cellular service provider that works better with these devices, or should I be using a different smartphone credit card reader?

A: The solution may be as simple as turning up the volume on your smartphone. The Square Reader (as with similar devices) draws its power from the smartphone’s audio port (standard 3.5mm headphone minijack), but if the smartphone’s volume is too low, the device may not be receiving enough power to work correctly or consistently.

Many smartphone-based credit card readers are on the market; each has different fees and capabilities. This industry is growing fast, and these devices’ plans and features are changing frequently. The brief comparison in this chart may help steer you toward the best option.



News quiz: College debt, stolen identities, and retirement planning

See how much you know about these developments and others in the Journal of Accountancy news quiz.


Preventing and detecting fraud at not-for-profits

Organizations in all industries must deal with the potential for fraud to occur, and design controls to prevent and detect it. Environment, policies, and controls can help organizations steer clear of problems.


The dangers of dabbling

To meet evolving marketplace needs, CPAs often look to diversify their service offerings. Firms can mitigate the risk of experiencing competency-related professional liability claims by implementing these basic steps.