I'm a complete newbie needing help

Sophie28 · ‎April 12, 2020

Hello,

Due to the current circumstances I have had to go down the quick books route instead of my book keeper just to try and keep the business afloat whilst we are closed (covid 19)

I have added my bank to QB so it's ready to go..... Do I add my customer invoices and supplier invoices on to QB and let the bank try and match them up? or do people go through the bank transactions and match up invoice/receipt and then file them away?

This might sound like a stupid question and it probably is I'm just not used to do anything related to accounting.

Thanks in advance.

Sophie

JonpriL · ‎April 12, 2020

Finding a match of your transaction is done manually, @Sophie28!

You'll have to manually enter all invoices from customers and bills from suppliers. This way, you can easily match the payment one the transaction are downloaded from your bank.

Go to Banking.
Under Bank and Credit Cards, select your bank account.
Select the For review tab.
Find a transaction you wanted to find a match.
Click Find match.
Select the matching invoice or bill.
Click Save and close.

In addition, here's an article you can read to learn more about how you can categorise your transactions: Match and categorise bank transactions in QuickBooks Online.

Lastly, I've got you this helpful article in case you need some ideas about how you can easily categorise your transactions: How to set and use banking rules for downloaded transactions?

You can always leave a comment below if you have any other questions. I'll be always around ready to help.

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I'm a complete newbie needing help

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