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dhavalkakadiya
September 21, 2021
Question

Sales Return and Intuit - Quickbook Desktop and POS

  • September 21, 2021
  • 1 reply
  • 0 views

Hello

 

I use three integrations: Quickbook Desktop, Quickbook Point of Sale and Intuit payments. 

 

On one of the day there are certain receipts and a big sales return for example net amount is $5000. This amount is deducted from my bank by Intuit. I need to match this amount in my bank feeds to corresponding sales and sales returns. I am not sure how to do this. Lets say there are 3 transactions: sales of $200 and $150, and sales return of $5350.

 

Could someone please help me?

 

1 reply

Angelyn_T
Angelyn_T
September 21, 2021

Thank you for adding a post, @dhavalkakadiya. I'm here to help you with matching your banking entry to the sales and sales returns.

 

First, please make sure to record the sales and the return in QuickBooks. Here's how:

 

  1. Open your QuickBooks Desktop (QBDT) file.
  2. Go to the Banking tab, then click on Write Checks.
  3. Enter the amount sales return and the sales income in a negative amount.
  4. Save the transaction.

 

You may also seek assistance from your accountant for other ways of recording the transactions. Once done, proceed with matching the entries through the Banking Feeds. I'm adding this article as your reference: Add and match Bank Feed transactions in QuickBooks Desktop.

 

After that, please make sure to reconcile your account to keep your books and balances correct.

 

Let me know how else I can help you with matching your transactions. I'm more than happy to provide additional assistance. Wishing you a good one!

D
dhavalkakadiyaAuthor
September 21, 2021

Got this. I think this is just half done.

 

The transactions which is fetched from Quickbook POS into Quickbook Desktop would still remain unmatched. 

How do I do if I want to match and close those as well?

JasroV
JasroV
September 21, 2021

Thanks for the prompt reply, @dhavalkakadiya.

 

Allow me to chime in and share some insights on how you can match those transactions in your QuickBooks Desktop (QBDT). All you need to do is go to your Banking menu and match those transactions. I'll show you how:

 

  1. Go to the Banking menu.
  2. Click Bank Feeds and select the Bank Feeds Center.
  3. Then review the transactions in each category base on your banking mode.

 

To be guided through the process, check out this link: Add and match Bank Feed transactions in QuickBooks Desktop.

 

Once you're done, you can now reconcile your accounts whenever you're ready. I'd also recommend checking with your accountant for additional guidance. This way, we can guarantee your accounts are well accounted for. If you're not affiliated with one, you can visit our ProAdvisor page and we'll help you found one from there.

 

Keep me in the loop if you need more help matching your transactions. You can also add in your reply if you have any other QuickBooks concerns. I'll be more than happy to help you out!

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