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March 22, 2021
Question

Banking match, If I have a fuel receipt and it is more than the cost of fuel used. How do I match it up to banking ?

  • March 22, 2021
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1 reply

March 22, 2021

Hello again hbpierce,

 

Using QuickBooks Online's bank feeds is a great way to make sure your bank balance is recorded properly in your books. Matching those transactions is a key step to make sure your transactions have the correct amount when entered. I can assist you with that.

 

In order for QuickBooks Online to match the transactions, the amount needs to be the same as the fuel purchased, not fuel used, as QuickBooks Online can only match transactions with the exact same amount. If you are wanting to separate the amount of unused fuel and the one that has been consumed by your vehicle, I recommend speaking to your accountant, as they will be best equipped to tell you the best way to record such a difference.

 

If you have any questions, feel free to post them in the comments.