Banking - Add/Match/Transfer

How's your business doing, Leah?

It seems that you're interested on Online Banking in QuickBooks Online. Let me give you answers to your questions about this feature.

The Add option allows you to record the bank transaction directly to your QuickBooks bank register.

The Match option allows you to look for transactions that already exist in QuickBooks.

And the Transfer option allows you to move and add the bank transactions to a different QuickBooks bank register.

The added, matched, and transferred bank transactions are Cleared (C) in your QuickBooks bank register automatically.

Now, the received payment (bank transaction) can be used to pay an open invoice. You can use the Match option to do this. If you match the bank transaction to a paid invoice, the existing payment will be cleared in your register.

For your third question, we're unable to match multiple bank transactions (payments) to a single invoice. Here's what we can do if that happens:

1. Exclude the bank transaction.
2. Pay the invoice manually.
3. Clear the invoice payment in your register manually.

Lastly, Multiple records are found means that there are more than one existing transactions in QuickBooks. They can be possible matched to your bank transaction. Thus, needing you to match them manually.

I'd recommend checking out these articles that are related to Online Banking:

• Connect Bank Accounts and Manage Imported Transactions
• Assign, Categorize, Edit, and Add your Downloaded Banking Transactions
• Add and Match Downloaded Banking Transactions
• How to Use Automatic and Manual Online Banking Updates

You can always visit us if you have more questions about this. Have a day!