Banking & Currency

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We have 3 companies.  Some customers buy from  2 or 3 companies and pay with one wire transfer, ach or eft to the one main company.  How do I apply this payment to match the bank statement?   For example the payment is $1,000.  Company A's invoices total $800 and Company B's invoices total $200.  The wire is transferred in total of $1,000 to the bank account for Company A.  How do I show this in Quickbooks correctly?  How do I record the extra $200 in Company A that I need to transfer to Company B?

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This is a comment I posted in reply to another thread, but I felt that it would be better as its own topic. The ability to include bank statements with reconciliations now appears to be available (in fact, it downloads the statements from the bank, which I didn't expect), but it's incredibly buggy. I have attached what I see when I click on "View statements" in the "Reconcile" tab. There are several problems. Although the top of the screen shows that I'm working in my "Chequing - CAD" account, absolutely all of the statements are for my "Chequing - USD" account. If I switch to any account that has statements, only "Chequing - USD" statements are shown in the "Reconciled" tab and none in the "Unreconciled" tab.If I switch to an account that doesn't support statement download, I get a message saying so, but the "Unreconciled" tab shows statements for my "MasterCard" account and the "Reconciled" tab shows nothing.As you can see from the list, many statements have been downloaded

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Orig Bill was USD, so later Pymt post modified exch rate so to match bank clred CAD amt. Doing 'find a match' doesn't bring up the pymt. Can force a match somehow?

I can successfully import my bank feed into QuickBooks 2018 Canadian.  Once imported, the transactions are compared with entries in QB and if they match, the reconciliation column is marked with a lightning bolt. Is it possible to convert (or have QB convert) the lightning  bolt to a checkmark which displays when reconciling the account.  This would save most of the work in reconciling and if all the transaction are matched, the reconciliation should be zero.   It shocked me when I called QB support and they said this is not possible. Comments??  Suggestions??  Can you think of any reason why the program should not do this. Mel Orecklin, P.Eng., MBA, CAFMABORIGINAL CONSULTANTCELL [removed]DIRECT [removed]PH. [removed]FAX [removed]TOLL FREE [removed]True North Square242 Hargrave StreetWinnipeg, MB R3C 0T8

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One of our client files seems to be recording credit card charges properly throughout QBO except in the Reconcile feature, where they all show as Credit Card Credits and as payments.

I'm trying to expense my credit card transactions, however when I go into the Charter of Accounts it shows all transactions as a credit card credited along with the returns I had made on the credit card too.

Hello, I use QB Enterprise and am wondering if the bank feeds option allows for a live bank feed? I went through the bank feeds option from the banking menu and it seems like the only option is to download my monthly statement as a .QBO file, however is there a way to set it up live so I can see my bank transactions as they occur? Thank bank we use is BMO Bank of Montreal. Thanks!

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I downloaded my transactions from my bank account and in the bank feeds area it won't match anything.  When I went to reconcile hoping that would take care of it, and it reconciled fine, but the transactions are still there.  How do I remove them or do I need to change every date to the date the cheques were cashed instead of the dates that they were written?? Never had this problem before.

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I have a line of credit, my bank doesn't display individual transactions online. So the monthly interest increase isn't automatically recorded in QBO. I used to be able to add an increase in the amount owed through "add an expense" section. That pathway now requires an account the payment comes from, and it will deduct from that account. Which is problematic because the interest charges are paid for and already accounted for in my monthly payment.

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I have a Client that has not filed taxes since 2015 and is incorporated.  The client connected 4 personal accounts to QBO as well as 2 business Accounts.  Originally After the connections were made and updated online, most accounts had activity within the last year however all missing transactions were file uploaded to each account via CSV files.  Now this is where it gets tricky.  My client indicated that many of the transactions in the personal bank/credit card accounts were contributions to the company as they has been using all 6 accounts to conduct bushiness expenses.  So problem ... 1) How do I solve the issue of the thousands of business and personal transactions that were uploaded and downloaded that need to be recorded as contributions and expenses?2) what do I do with the personal transactions from the personal accounts that are not business related that were uploaded? and 3) The client took draws on a regular basis, and took dividends (as the they ha