cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Visit this post for a list of recent banking issues in QuickBooks Online.
davmarksman
Level 1

Match 2 banking payments to one journal line

Hi,

 

I underpaid an employee and made a second payment to correct the amount. So now there is two payments from my bank account  for the month's payroll in my "Banking transactions for review" view.

 

I cannot match the two payments to the journal entry as it requires an exact match.

 

How can I match the two bank payments? Or should I split the journal entry line into two and then match the two bank payments to a line each?

 

Cheers,

David

Solved
Best answer August 03, 2020

Accepted Solutions
MaryLandT
QuickBooks Team

Match 2 banking payments to one journal line

Yes, you can split the journal entry to match it with those two payments on your bank feeds, davmarksman.

 

QuickBooks Online will match entries with the same details. After you match them, downloaded transactions are recorded to your accounts in your register. The record reviewed from your bank goes to the Reviewed tab.

 

You'll want to do a quick review after you’ve matched or added a few transactions, just in case you need to make changes:

  1. Go to the Banking menu or Transactions menu.
  2. Select the blue tile for the account you want to review.
  3. Go to the Reviewed tab.
  4. Select the link in the Added or Matched column to review the transaction. In particular, review the "Deposit to" field. This is the account QuickBooks categorised the transaction into.
  5. Add any additional info you need.

Check out the Categorise and match online bank transactions in QuickBooks Online for additional information.

 

Let me know if there's anything else I can help matching your transaction. I'm always around to help.

 

Thank you and stay safe!

View solution in original post

4 REPLIES 4
MaryLandT
QuickBooks Team

Match 2 banking payments to one journal line

Yes, you can split the journal entry to match it with those two payments on your bank feeds, davmarksman.

 

QuickBooks Online will match entries with the same details. After you match them, downloaded transactions are recorded to your accounts in your register. The record reviewed from your bank goes to the Reviewed tab.

 

You'll want to do a quick review after you’ve matched or added a few transactions, just in case you need to make changes:

  1. Go to the Banking menu or Transactions menu.
  2. Select the blue tile for the account you want to review.
  3. Go to the Reviewed tab.
  4. Select the link in the Added or Matched column to review the transaction. In particular, review the "Deposit to" field. This is the account QuickBooks categorised the transaction into.
  5. Add any additional info you need.

Check out the Categorise and match online bank transactions in QuickBooks Online for additional information.

 

Let me know if there's anything else I can help matching your transaction. I'm always around to help.

 

Thank you and stay safe!

View solution in original post

gbgardenology
Level 1

Match 2 banking payments to one journal line

How do I split a journal entry?

MaryJoyD
QuickBooks Team

Match 2 banking payments to one journal line

I can share some information about journal entries, @gbgardenology.

 

You can create a journal entry to enter debits and credits manually, transfer money between income and expense accounts, and transfer money from an asset, liability, or equity account to an income or expense account.

 

The feature to split journal entries is currently unavailable. You'll have to enter them one-by-one or separately. 

 

Please take note that we only provide this option if you understand well accounting or you’re following the advice of your accountant. 

 

Here's how to create a journal entry:

  1. Go to the + New button and select Journal entry.
  2. Enter your debit and credit accounts. 
  3. Check the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other. This means the accounts are in balance.
  4. Provide all the necessary information.
  5. Pick Save and new or Save and close once you're done. 

 

Check this article for more information: Create a journal entry in QuickBooks Online. You can also refer to the following topic about debit vs credit.

 

In case you'll need to remove an entry, you can easily reverse or delete it. See this article for more information: Reverse or delete a journal entry in QuickBooks Online.

 

I'm always here if you need more help with journal entries. Let me know in the Reply section below. Take care and have a wonderful day!

Bonnieb04
Level 1

Match 2 banking payments to one journal line

The feature to join 2 banking payments from one journal line doesn't not exist for the online version. The solution would be to add each payment amount into the journal entry separately. Then you review the transactions in your banking feature/account and match the journal entry.