Banking & Currency
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I have a bank transaction that has an overall 'spent' amount, but this transaction does have both an expense and revenue items in it. Just wondering what is the best method for matching a transaction to this type of transaction? When I've entered the expense as a bill, I can find that match, but I'm struggling to find the sales receipt that I did up for the revenue portion. Just wondering if I should be doing this differently? Thanks!
Hello, I'm trying to do a bank reconciliation and I have a customer that made a payment with two transfers. The payment record was already manually entered, so during the reconciliation I am just trying to match the records. The problem is that the payment record does not appear in the items list. Please refer to the two tables in the screenshot attached. The table on the left is an extract from the customer's activity history, which shows three payments: January 29, February 5 and February 10. The table on the right shows the list of transactions to match. These have been filtered to show only payment records for the specific customer, BUT the February 5 record is missing. I checked the bank register and the payment record was not previously matched. I have tried to reach out to QBO support several times to address the matter, but the issue still isn't resolved. Can somebody please help me?
do I need to manually enter the missing transactions in journal entries and if so, how?
Hello, I have a very small company, with very few transactions.Each month when I do my Bank Reconciliation, with like 4 transactions, I keep getting a $ 60.00 variance. I don't see any supporting transaction in Bank registers, Recurring transactions or anywhere else. Any thoughts on where this could be coming from, or where to check next would be appreciated. Be well,TIA
There is a mistake in our April 2020 reconciliations stemming from a corrected bank deposit. There is a deposit with the correct amount that is attached to the received checks. Our bank made a mistake when the deposit was made so our statement shows a smaller deposit amount and a separate transaction with the difference. Someone in the office made a new deposit with the smaller and corrected amounts but they are not attached to the received checks. I realized this after I reconciled through December (person responsible for the discrepancy was not around to explain before I got that far). Is there a way I can fix this without having to redo the reconciliations from April to December?
