Banking & Currency

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My supplier sent me two invoices each $265.44. They charge 50% of each invoice at the time of order. They should have charged my CC $132.72 for each invoice but charged once a total of $265.44.I recorded each invoice as Bill in QBO and then recorded both payments (deposit and final payment) for each invoice. Under Bank, the CC account shows $265.44 and two 132.72. The two 132.72 are matching fine but the 265.44 shows as "Uncategorized Expense" with an Add at far end. Clicking on the line, the options are "Categorize" and "Record as transfer". At the bottom there are Split and Add. How can I match this withdrawal with those two invoices? Thanks,

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Hi. I reconciled all months for 2019 but for some reason the month of March 2019 did not show up in the reconciliation report. My tax lady couldn't find the problem so she said I should reconcile March 2019 again. However, QBO would not allow me to do so since the 2019 year showed as being completely reconciled. She suggested I reconcile March 2019 as March 2020 and see if it would help. It did not. I'm thinking that I need to unreconcile/rereconcile after February 2019. My concern is that my banks transactions that were matched to invoices might become ummatched. That would be a nightmare. Any help would be appreciated. I also checked the audit log and it showed nothing. 

Hello, our business credit card got lost, we blocked it at the bank and go a new one. I connected it in QB and now I see all the transactions that were made with the new as well as the old credit card! I don't understand why. All transactions made with the old credit card were already added in the system and matched with receipts I uploaded. So I thought after connecting the new credit card, I will see only transactions made with the new credit card. Do I have to now go and match all the transactions again? Thanks for your help.

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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!

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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?

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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

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(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?