what is matching transactions quickbooks for mac

What Is Matching Transactions Quickbooks How To Match That

Press question mark to learn the rest of the keyboard shortcuts Log in sign up User account menu 3 Matching transactions to invoice, less credit card fees (QBO).

What Is Matching Transactions Quickbooks How To Match That

I am not an accountant and Im pretty new with QBO, but Im trying to figure out how to match that bank deposit to my invoice (which is for 1000) and track the 29.30 as a business expense Whats the best way to do that 4 comments share save hide report 100 Upvoted This thread is archived New comments cannot be posted and votes cannot be cast Sort by best level 1 QuickBooks ProAdvisor Mod 4 points 3 years ago You would receive payment of 1,000 for the customer and deposit that to undeposited funds.

Then you go to deposit -- make deposit, select the 1,000 from this customer and add a line for the Stripe fee.

So it would be an account called merchant service fees (or similar), a deposit amount of negative 29.30.

By doing this the customer is showing 100 paid, the bold number for the actual deposit youre recording into your register is 970.70 which will match your bank statement and youll have record of the fees.

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Allow me to step in for a moment and provide some additional information about adding transactions from the Banking menu in QuickBooks Online ( QBO ).

The transactions that youll see under For Review tab on the Banking screen are all downloaded from your bank.

If these transactions dont exist in your Register, you can add them by clicking Add under ACTION column.

On the other hand, if these transactions show in your Register, this means theyre manually created.

You can match them by selecting Match under ACTION columns as well.

You may check out this article for more information about adding and matching downloaded transactions in QBO: How to add and match downloaded banking transactions.

If you have any follow-up questions, dont hesitate to leave a comment below.

Now the transaction (a bank transfer to credit card) shows up twice when I am reconciling my account.

Lets undo and match them again to show the transactions correctly in the register.

It considers it a match if the amount is the same and its within 90 days of the transaction date.

Other than the amount and transaction date, it also follows the types of transactions like bank deposits, journal entries, expenses, checks, and others.

You can check out this article for details: How to exclude expenses from downloaded bank transactions.

When I go to the bank and have them deposit it, it shows up in different numbers, for example, a transaction in the QB online deposit the total is 2500 but its divided between separate categories, and the bank feed shows it up as 1200, 400, and 900.

Can I just ignore it because Ive already manually deposited it in (the.

While matching a downloaded transaction means matching it to your existing records.

What Is Matching Transactions Quickbooks For Mac