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Join nowA vendor deposited a check for the incorrect amount it was $40 over. The bank allowed this to go through. After I called, the bank reimbursed us for the remaining funds. I can't match the check I created for this payment with the incorrect debit and corrected credit. This is all in the same month. What do you all recommend? I really don't want to change my original check because it will mess with my 1099s and records.
Hello there, TCSARF. Let me share information about this matter.
You can skip the match process or exclude the transaction and record the bank deposit manually in QBO. After that, manually clear them in the bank register.
Here's how to exclude:
In the event you need to clear the transaction in the bank register, follow these steps:
Additionally, if you're unsure about the specific accounts to use or how to categorize the adjustment, you may want to consult with an accountant or financial advisor for guidance.
Let me know if you have additional concerns about managing your transaction in QuickBooks Online. Have a great day ahead.
Hi,
Thanks for responding to this. I want to keep the original amount that was debited from our account because it will match our bank records. I also want to keep the amount the bank credited us because it will match our bank statements. I feel like we should be able to match debits and credits?
Hi,
Thanks for responding to this. I want to keep the original amount that was debited from our account because it will match our bank records. I also want to keep the amount the bank credited us because it will match our bank statements. I feel like we should be able to match debits and credits?
Matching the check you created to the credit isn't possible, @TCSARF.
I recommend following what my colleague above suggested about excluding the transaction and manually recording the deposit. Then, manually clear them in the bank register.
Additionally, reconcile your accounts regularly to keep them accurate and up-to-date.
Let us know if you need further concerns with matching your transaction in QuickBooks. We'll be here to help you in any way we can.
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