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Ginger7413
February 28, 2024
Solved

In banking center how can I record a counter credit bank deposit that combines 4 invoice payments and 1 check deposited to the wrong account?

  • February 28, 2024
  • 1 reply
  • 0 views
The matching process doesn't give me the opportunity to handle the erroneous check (which has no matching invoice).  By splitting the amount in the banking center I could handle the erroneous check but then do see how to match the 4 invoice payments.
Best answer by RhoiceW

Thank you for reaching out to the Community, Ginger. Let me provide information about moving your bank transactions to the correct account.

 

In QuickBooks Online (QBO), to move transactions from one account to another, you need to do it one at a time. The option to move multiple transactions simultaneously is only available in the Accountant version of QBO.

Here's how to manually move them:

 

  1. In QBO, go to the Transaction menu at the left panel to get to the Chart of Accounts.
  2. Locate the checking account, then click View register under the Action column.
  3. Find and select the specific transactions, then click Edit.
  4. Change the correct account in the Bank Account drop-down in the transaction window.
  5. Hit Save to complete.

 

In addition, you can check this article to learn more about managing your account registers in QBO: Manually add transactions to account registers in QBO

 

Also, you can learn how to use bank rules to automatically categorize transactions from your bank, check out this article: Set up bank rules to categorize online banking transactions in QBO

 

Please let me know if you have any other questions or concerns by commenting below. I'm always here to help.

1 reply

R
RhoiceWAnswer
February 28, 2024

Thank you for reaching out to the Community, Ginger. Let me provide information about moving your bank transactions to the correct account.

 

In QuickBooks Online (QBO), to move transactions from one account to another, you need to do it one at a time. The option to move multiple transactions simultaneously is only available in the Accountant version of QBO.

Here's how to manually move them:

 

  1. In QBO, go to the Transaction menu at the left panel to get to the Chart of Accounts.
  2. Locate the checking account, then click View register under the Action column.
  3. Find and select the specific transactions, then click Edit.
  4. Change the correct account in the Bank Account drop-down in the transaction window.
  5. Hit Save to complete.

 

In addition, you can check this article to learn more about managing your account registers in QBO: Manually add transactions to account registers in QBO

 

Also, you can learn how to use bank rules to automatically categorize transactions from your bank, check out this article: Set up bank rules to categorize online banking transactions in QBO

 

Please let me know if you have any other questions or concerns by commenting below. I'm always here to help.

Q
QSound
July 22, 2024

Is there a Desktop answer for this same question?

 

K
KimberlyS
July 22, 2024

I have the steps to help you move your transactions to the appropriate account in QuickBooks Desktop, QSound. Let me guide you through the process so you can keep track of your finances accordingly.

 

You can update the accounts from each transaction to move them to the correct account. However, it can be done one at a time since reclassifying multiple transactions together is only available in QuickBooks Desktop Accountant, Enterprise, or Accountant Enterprise.

 

Nevertheless, please proceed to these steps to transfer transactions from one account to another manually:

 

  1. Head to the Banking menu, then pick Use Register.
  2. Choose the account that is used for the invoice payments and check.
  3. Locate the transaction and double-click on it to open it.
  4. Update the account in the Bank Account dropdown.
  5. Hit Save & Close.

 

On the other hand, you might want to scan this material for guidance on reviewing your accounts, ensuring they match your actual statements: Reconcile an account in QuickBooks Desktop.

 

Add a reply on this thread to let us know if you have other queries when transferring transactions to different accounts in QuickBooks Desktop. We're always determined to assist you with any concerns you have.

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