Cryptic crossword clue
Squares accounts with senior churchman in time 7

The most common and most likely answer to this crossword clue is the 7 letter word AVENGES

I've seen this crossword clue in Financial Times
A
V
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The straight part
We know that "Squares accounts" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case squares accounts = avenges.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does AVENGES mean?

AVENGES noun
  1. An act of vengeance; a revenge.

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