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jack Thompson
Level 3

How do I clear a returned payment (Failed ACH through Bill Payment) from Bank Transactions?

I paid a vendor $300 through ACH (QBO Bill Pay) and the payment failed. It looks as though QBO treated it correctly as the balance has been returned to AP and aging matches and the vendor account has the $300 back. But the $300 is sitting on my Bank Transactions page and QBO thinks it's an Expense fropm Intuit. Should I just exclude it?

1 Comment 1
Anonymous
Not applicable

How do I clear a returned payment (Failed ACH through Bill Payment) from Bank Transactions?

Hello there, Jack.

 

Yes, you are correct. You need to exclude the returned payment transaction from your bank to avoid duplicate records in your books. This will help prevent an incorrect increase in your bank balance and avoid reconciliation problems.

 

For more details, check out this article: Exclude a bank transaction you downloaded into QuickBooks Online.


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