Banking & Currency
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Hi there, I looked through a few threads and it doesn't seem like my question matches them. We have recently started using quickbooks payments for our invoices and since then our books have become unbalanced. It looks like the invoices end up recorded as paid but when I try to match the transaction through our chequing account it goes straight to undeposited funds and our balances begins to show it recorded twice. Our transactions are automatically addres through our bank. Thanks for your time!
Investment matured and deposited into savings account. Then another investment was made from there.
So I created a bank deposit of amount C and went to the bank to deposit the cash. I expected to be able to deposit all of the cash at once, but the bank machine would not allow it. So I made two deposits, and two transactions came up on the bank account in QBO. Let's call them transactions A and B, which add up to the total amount C. Unfortunately, I could not match the A and B transactions to the original bank deposit with total C. The deposit with total C does not come in the "Find a Match" list. I thought of creating two separate bank deposits to match the A and B amounts, but the original invoice amounts do not combine in any way to form the amounts A and B. Perhaps there is another way to do this that I am missing? Thank you.
I would like to be able to clear 50 or so checks at a time. It seems as though I should be able to click/shift click to select multiple checks to clear, but that doesn't seem to be an option. How can I clear multiple checks without clicking each one individually?
Hi,This is for a new business we bought in June and we opened the bank account in May. I recorded loan payment and owner equity with opening balance JE in QBO. Now I checked the May to June statement which is showing the loan amount we received from lender bank and also payment to the seller for the same amount(in and out). It is also showing the money we transferred from our account to buy the business. My question is how I record these transactions now since its already recorded in QBO with opening balance JE. Should I ignore it? if yes then there are monthly fees and account set fees etc. from May to June statement and I think this should be recorded but not sure how? Basically not sure how to start my business first-month bank reconciliation with all these amounts showing? I appreciate it if anyone can shed some light.
The banking page looks different
(On QBO)
I recently upgraded to QB nonprofit 2020. When I go to enter and print a check, I enter all the information in the check screen (check#, Amount, Payee, Memo, Account type, etc...), then I click print at the top, confirm check #, print. The check that comes out is not the check I just entered information in for but a check that has already been printed from a previous entry. What's going on? How do I get Quickbooks to print the check I just entered and confirmed all the info for?
We have customers with running account balances who can request a cash advance. The customers is setup in the home currency. However, they may request a cash advance in a foreign currency. When the statement is previewed the amount due has ignored the foreign exchange and does not agree to the aged AR summary list. Am I trying to make QBO do something it was not designed to do or is the statement not calculating correctly?
Hi, This is for an expense, not a deposit. We're Canadian but paid a bill to a US shipping company, say $200 USD. The bank then charged $15 for a wire fee. In the bank feed, it shows up at $215 debited from the USD account. Since I created an invoice for $200, this doesn't match with the $215 in the bank feed. I tried creating an expense for $15 for the wire fee (different supplier, i.e. payee is the bank), but QB won't identify that these are related even though they have the same date. How do I match these two expense to two different suppliers to a single transaction in the bank feed? Or do I have no choice but to exclude this and manually reconcile these two separate expense, is that even possible? Thanks.
I think I must be overlooking something obvious. I have a supplier with whom we have an account to which I have charged multiple bills during the month. We then paid the account by e-transfer. I have now uploaded the current month data from our bank. The e-transfer shows up as one of the bank account transactions, but I can't seem to figure out what I need to do to apply it as a payment to the particular suppliers account. Help?
