Banking
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Hello all. I use QB Pro Desktop 2021 and have a question regarding batch deposits. I use 2 payment processing companies that batch my transactions for the day, then deposit them into my bank. Lots of daily individual payments lumped together and deposited as one. I enter individual sales receipts for each order. My issue is reconciling (matching) all the individual sales receipts with the lump sump deposit. To add extra confusion, a customer may order on the last day of the month, I enter the sales receipt for that day, but the batch doesn't show up until at min. a day later, sometimes in the next month! To make it more confusing for me is when the batch deposit is several days later like after a weekend.What is the correct way to identify and record these?
Example: Customer pays me $1000 and it is deposited to my checking account. I then transfer $250 to my savings to save for taxes. When I go to Dashboard --> Business Overview --> hover mouse over bar graph, it is showing I have $1250 "Money In" and $250 "Money Out" when in fact I should only have $1000 "Money In". It is confusing because it makes me think I should have $1250 in customer payments.
I have Quickbooks Desktop Pro 2020 standalone version, and I just found that it it does not come with technical support. Hence, I am here. My bank feed for Capital One card service (I have a capital one credit card) was working just fine until a couple of days ago. When I tried to use the bank feed, it said I need to deactivate the capital one account and reactivate it. Credentials have not changed on my capital one card since I can still log into the capital one website with the same credentials with success. I also have a Chase account in bank feed which continues to work find. When I tried to add the capital one card service, QB immediate takes me to the window for instructions to download the transaction manually. Please help if you know how to fix the issue. To get technical support from QB, they want me to pay $299.99. I have nothing good to say about that.
I don't know why they haven't settled the money showed up in my account but the pending transactions did not remove from the Transaction page. How do I clear those?
I need to apply a payment on a bill to a several customers. The payment came thru the bank feed and has already been reconciled. Is there a way to apply the payment to multiple bills without undoing the reconciliation?
I used to use the feature edit find advanced but now it seems to have disappeared. Now it goes to match and does not give me any other options to search, did something change recently?
Also how to switch means of payment for QB
Why do I have to add my bank information in QuickBooks Online Payroll to complete set up? I plan to pay my employees with a paper check. Is there any way to over-ride this?
When I deposited the check I made the following entry: debit to checking, and credit to opening balance equity. But what entry should be made to record the withdrawal of funds from the old account?
The online linked account only allows $20,000 per day and max $50,000/week. Where do I deposit $250,000
We have a lot of transactions that hit our bank accounts and credit card every day, and so we have a two step transaction data entry process. 1. The office assistant identifies the transaction purpose and the correct property (class)2. The bookkeeper then enters the data into QBO The problem is that we need a 3rd party tool (we use google sheets and TillerHQ to download all transactions daily) to accomplish this. But it's a lot of dual data entry. Is there a way that this can be accomplished within QBO itself? The problem with the built in process in QBO is that if any information is saved to the transaction, it is then "Categorized". The perfect solution would be if QBO would allow one more interim "stage" between "For Review" and "Categorized". I cannot find any 3rd party tools that facilitate this, but I can't imagine that we are the only ones that struggle with something like this. Any advice?Thanks!
Hi-Our bank account has been linked to QBO, however we recently had some fraudulent activity the account. As a result, the account was closed and we now have a new bank account number.What is the best way to go about updating QBO? I want to link to the new bank account, but still want it to be tied to the same GL account in QBO.Thanks!JK
