Category: Banking
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QuickBooks Online 2022: BANK FEEDS Tips & Tricks – How to BULK CATEGORIZE Expense Transactions QBO
QuickBooks BANK FEEDS | Tips & Tricks | How to BULK CATEGORIZE Expense Transactions in QuickBooks Online (QBO) **Huge Time-Saving Technique** #QuickBooks #QuickBooksOnline #QBO
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How do I match a batch deposit for payment of an invoice and vendor refund deposit?
Example: My total deposit amount is $1,300, $1,200 for payment for the outstanding invoice and $100 for Insurance refund. From the Banking Review tab, find the Deposit transaction you want to match with customer payment plus insurance refund. Click the Deposit transaction row in question. Click the “Find match” radio button. Match transactions screen will…
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Learn how to email your expense receipts to QuickBooks Online
If you have a receipt, you can email it to QuickBooks. They will extract info from it and create a transaction for you to review. You will see them in the Banking > Receipts tab. Then you can edit the receipt, add it to an account, or match it to an existing transaction. You’ll also…
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How do I edit an expense that the online bank classified as a transfer
It’s easy to edit when this occasionally happens. Just click the transaction row in the Banking For Review. Switch radio button from ‘Record Transfer’ to ‘Add’ and record expense.
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How To Manually Enter Business Credit Card Transactions In Register
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Quickbooks Online – how do I delete items from Banking For Review
From the Banking “For Review” tab, click the checkboxes to the left of the date for the transactions you want to exclude. Once you’re done, click the Batch Actions drop-down arrow and select Exclude Selected. The transactions moved to the “Excluded” tab from the “For Review” tab. To delete permanently: From the “Excluded” tab >…
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How to delete downloaded items from Banking For Review tab
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How do I view or print previous bank reconciliation reports in QuickBooks Online QBO
To view or print the previous bank reconciliation report: 1. From the left Dashboard, select Reports. 2. Go to “For my accountant” section and select Reconciliation Reports. 3. Select Account. Select Report period. 4. Select “Statement Ending Date”. 5. Click “View Report” under Action column. 6. Click Print icon to print the report. How to…
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How To Add Purchased Inventory Items From Banking “For Review” Tab
How to add purchased inventory items from Banking tab? I like to enter SKUs, Qtys of each item in one entry. Assuming you have QuickBooks Plus Plan, you will first need to ensure that in company settings you turn on the Items table and Purchase orders. (Gear icon at the top > Your Company >…
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QuickBooks Online – Connect bank accounts through your Chart of Accounts COA
You can now connect an existing bank account from your Chart of Accounts. Select Accounting from the left dashboard, then Chart of Accounts. Find the account you need to connect and in the Action column, select the View register (or Account history) drop-down and choose “Connect bank”. Follow the prompt and complete the process for…
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QuickBooks Online – Connect a bank account problems
I hear issues with bank connect all the time. Each bank is different. It may even take time to resolve these issues. But in the mean time, I like to offer few suggestions: 1) To manually UPDATE your bank account: a) Select Banking from the left dashboard menu. b) Select Update in the upper right.…
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How to handle refund on a debit card from a vendor to the project
How to handle refund on a debit card from a vendor? It’s downloaded as a bank deposit in bank feed. How can I assign that credit to the project? It involves few steps process to handle vendor refund on a debit card to the project in QBO. 1) Create Vendor Credit (Plus sign at the…
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Reconcile an account screen to include service charge and interest earned fields in QBO
Reconcile an account screen to include service charge and interest earned fields in QBO If your bank accounts are not connected, you will see service charge and interest earned fields. If you bank accounts are connected, you will not see these two fields. The assumption here is these transactions are also automatically downloaded from the…
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Bank feed populates all downloaded check transactions with the same Vendor
EXAMPLE: My bank feed populates all my downloaded CHECK transactions with the same Vendor. I change the vendor payee category on any given transaction it will change for all downloaded transactions in bank feed. There is no bank rule setup for this. Is there a way I can turn that off? Unfortunately, you can’t turn…
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How do I match a new Invoice to a payment that’s already been deposited to a bank account
This article will show how to link a deposit from a customer to an Invoice. Let’s assume the customer payment was entered first through Bank Deposit (this may be from bank feed or entered manually) instead of Receive Payment form and then you’ve created an invoice later, you can follow the steps below to link…
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How to handle fees (Paypal and Square) deducted from customer payments in QuickBooks Online
This article deals with step-by-step instructions on how to manually recording fees (Paypal or Square) and then match the deposit transactions in bank feed —Review items from your bank and link each item to an existing record. EXAMPLE – Signed up for Square (or PayPal) so that I could accept credit cards. I will be…
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My bank balance is different than actual balance in QuickBooks register
QuickBooks Online – My bank balance is different than actual balance in QuickBooks register. Different balance, why? 1. Outstanding checks 2. Deposits in transit 3. New Transactions for connected account 4. Duplicate transactions 5. Editing or deleting transactions 6. Beginning balance [wpedon id=”7748″ align=”center”]
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How do you match a deposit to a receipt when the credit card refund is more than the actual deposit
Example: We received a credit card payment from customer A ($334.00) and sent a credit card refund ($1,000.00) to customer B on the same day. This resulted in a net negative deposit ($666.00) from our credit card merchant provider. How to match a refund receipt and a regular receipt to properly match the deposit in…
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Handling Multiple Vendors Refund Checks Deposit in QBO