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JohnB9001
Level 1

Matching Transactions after Bill is paid before funds reach bank account.

Ok,  i have came across an issue and looking advice.
I charge customers Commission, which i log in Quickbooks as Sales Receipts weekly per customer.

The commission i charge is held in my online payment processor and i then pay my fee's/bills (platform costs&payment processing cost) out of it before the remainder of my commission is deposited into my account.

I then select the transaction from banking feed and go to match it to my weekly sales receipts. 
My issue is, the payment that hits my account after fee's is less than some of the customer sales receipt so they do not appear in the list when i need to match the transactions.

My process is:
I receive a payment into my bank, go to match the sales receipts for the week, then i manually have to reconcile and input the bill i automatically paid out of the commission before it hit's my bank.  This should balance the week, but as some of the customer sales receipts are larger than the amount that was actually received in my account, they are not available for matching.  Only lower amount sales receipts are available.


Is there a way i can account for all sales receipts, Bills and balance my week?


I'm so confused

I hope this makes sense. 

 

 

 

1 REPLY 1
JohnB9001
Level 1

Matching Transactions after Bill is paid before funds reach bank account.

I found the answer, please mark as solved as i cant find a delete button.

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