How to record a $0.10 transaction From Google for verifying my bank account? Should it be a deposit and recorded as income? (Schedule C)

myakishev95-gmai · ‎March 04, 2024

I categorized it as an expense at field 27a, but there's a difference between field 27a and Part V where I list other expenses and this is not an expense, so there's a difference $0.10.

godrejwoodscape · ‎March 04, 2024

No you dont need to deposit money

Heide DC · ‎March 04, 2024

I can see that you've been there in the Find other matches window resolving the .10 income difference. You're correct that you can select an income account to book the amount. However, if you're unsure, I suggest consulting your accountant for assistance to account for this properly.

Here's how:

From the Find other matches window.
Scroll to the bottom of the table and then click the Resolve Difference button.
Choose the right category for difference, then hit Match to confirm.

I've added some screenshots for your visualization.

Additionally, you can visit this article that'll help you learn how to run into some problems when reconciling your accounts in QBO: Fix reconciliation issues in QuickBooks Online.

Keep your posts coming if you've got additional questions about bank transactions in QBO. I'll be right here to assist you further. Stay safe.

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How to record a $0.10 transaction From Google for verifying my bank account? Should it be a deposit and recorded as income? (Schedule C)

How to record a $0.10 transaction From Google for verifying my bank account? Should it be a deposit and recorded as income? (Schedule C)

How to record a $0.10 transaction From Google for verifying my bank account? Should it be a deposit and recorded as income? (Schedule C)

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