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October 5, 2022
Question

On the Banking Page, For Review, Record as Transfer, there is a message " Partially matched: $0.01 remaining out of $300,000.00". I transferred US$ to Canadian account.

  • October 5, 2022
  • 1 reply
  • 0 views
How do I record the .01?  Is there a way in QuickBooks to automatically record it?

1 reply

October 5, 2022

Hi there josievillate-yah,

 

It's vital that all your transactions are entered correctly for your books to be well balanced. QuickBooks Online is a great tool able to help you keep track of your sales and expenses so you can view the profit of your company. I can point you in the right direction for information about exchange rates.

 

In order to be able to match the bank transaction to the one you've created in QuickBooks, you will need to adjust the exchange rate of the transaction you created in QuickBooks so that the Home currency value of the transaction matches exactly what is seen in the bank. You can do this by finding the initial transaction, and editing it. Slightly adjust the exchange rate in the text box so that it will then appear as an even $300,000.00 CAD value.

 

If you have any other questions, feel free to reach out here.