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Level 1

Matching multiple bank transactions to payroll taxes

Our taxes are computed through Payroll, and last month I paid taxes through three different payments instead of the one amount computed through Payroll. The three payments add up to the correct amount, but I can’t match them in Bank Feeds. How can I make them match in Bank feeds since you can’t match three transactions  to one? 

1 Comment
QuickBooks Team

Matching multiple bank transactions to payroll taxes

Hello there, @Ponderosa1.

 

You're correct. The option to match three bank feed transactions to a payroll entry isn't an option. With this, you can exclude the three payments. Then, you can create a deposit transaction and manually match it with the payroll tax entry before reconciling your account.

 

Here's how to exclude:

  1. Go to the Banking menu.
  2. Select Bank Feeds then Bank Feeds Center.
  3. In the Items Reviewed section, select the name of the account with the transactions you wish to remove.
  4. Choose the Select Items to Delete button.
  5. Select the transaction(s) you wish to delete.
  6. Click the Delete Selected button.
  7. Confirm deleting the transaction(s) by selecting Yes

 

After that, you'll have to create a bank deposit transaction. Then, manually match the deposit to the payroll tax entry.

 

Once done, I'd recommend reconciling your account. This is to make sure your expenses are recorded accordingly. For the step-by-step guide, kindly check out this article: Reconcile an account in QuickBooks Desktop. It also contains instructions about reviewing your reconciliation report.

 

Please know that you're always welcome to comment below if you have other concerns or follow-up inquiries about managing bank feed transactions in QBDT. I'm just around to help. Take care.

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