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June 6, 2023
Question

If i receiving a payment against a invoice, my quick book bank account increase and my account receivable decrease, using the automatic feed from bank to quick book way,

  • June 6, 2023
  • 1 reply
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My Quick book banking account and real bank account differs because of this. And the cutomers are in a credit. what am i doing wrongly?

1 reply

JessT
June 6, 2023

Hi suriethak-satb-c,

 

I wonder why invoice payments make a difference. Can you please describe this further? If they come from your downloaded transactions, it means they are already posted to your bank account. Therefore, matching them to your invoices should increase your bank register balance and decrease your Accounts Receivable balance in QBO.

 

In a manual process, if a payment is already in your bank account, you can use your bank account as the Deposit to account on the receive payment transaction. Otherwise, you'll want to use the Undeposited Funds account and make a bank deposit when the actual fund is deposited into your bank account..

 

 

You can reconcile your bank account after entering all your transactions.

 

Let me know if you have any other concerns about your bank transactions.