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Savvy4
Level 1

Can I match one tax payment to two bank transactions?

I submitted tax payment on state website and then recorded tax payment in QBO payroll tax center. The state website processes UI and WT payment in two separate transactions (one form). QBO combines these amounts in one state tax payment. Since I now have two bank transactions, I have been unable to match them to the one tax payment.
2 Comments 2
MirriamM
Moderator

Can I match one tax payment to two bank transactions?

Hi there, @Savvy4.

 

In QuickBooks Online (QBO), matching two downloaded transactions to one recorded tax payment isn't an option. In the meantime, if it's a manually paid transaction, you can delete the one tax payment created in QBO and recreate it again into two individual transactions. Once done, you can now match the two amounts on the downloaded payment.

 

However, if the tax payment is processed electronically, you can exclude the downloaded bank transaction, then clear the tax payment into the register.

 

For more information about managing your transactions, see this article for a guide: Categorize and match online bank transactions in QuickBooks Online.

 

After that, you can reconcile the account to compare the list of transactions from your bank statements with what you recorded in QuickBooks. 

 

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

Sunaina Kannojiya
Level 1

Can I match one tax payment to two bank transactions?

1 Login to your quickbook account

2 Select new option 

3 Select Journal Entry 

4 Create Your entry  See below pick 

jo.pngJournal.png

 

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