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eric57
November 8, 2021
Question

Undeposited funds, one payment method for 3 credit card deposits

  • November 8, 2021
  • 1 reply
  • 0 views

My point of sales system can push payment method information to QBO, so I can setup one for each card type. This is important for me because I receive separate deposits for each card type (Visa, Mastercard, Interac) and I can make a bank deposit for each type to match with the bank feed.

However, there is room for error if the wrong type is selected. I would like minimize this by using one payment method, Credit and Debit, for all card transactions. But the deposits are still separated. Is there a way for me to match 3 bank feed transactions to one total for all card transactions?

1 reply

A
AileneA
November 8, 2021

Hi there, eric57. 

 

Thank you for reaching out to the Community. In QuickBooks, the Online Banking feature will only let you match a single bank transaction with multiple expenses, not the other way around. I'd also suggest excluding those individual transactions from the feed and add them manually. This way, you can find a match for all card transaction.  

 

You can read this article to learn more about how to match bank transactions in QuickBooks: Match online bank transactions in QuickBooks Online. 

 

I've also included some articles in case you need some ideas about Undeposited Funds, as well as excluding and clearing bank transactions:

 

 

Feel free to hit that Reply button if you have any other questions. Have a great day ahead and stay safe!

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