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Prior year sale receipt to this year banks feed

If I'm following by the sale date rule and match the banks feed to the next year feed, is that fine especially for P/L report of the following year, how will that turn out? There's many times where my dec 25-30th sale of the prior year don't show any bank deposit feed until the January of the next year, and I create sale receipt upon the sale date of when order appears.

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Prior year sale receipt to this year banks feed

Welcome back and thanks for posting again in the Community, @mikelu9661.

 

To answer your first question, yes, that is fine. However, when matching transactions in QuickBooks Online (QBO), the system will base the date on the bank feeds.

 

Also, the report will depend on the company's accounting method, whether its cash or accrual basis. I highly suggest consulting your account for further guidance to ensure your books are accurate.

 

If you want to follow the date of the sale, there are two options that I can think of. The first one is to manually change the date in the register once they're matched.

 

Here's how:

 

  1. Go to the Accounting menu at the left pane to get to the Chart of Accounts.
  2. Locate the account where the transactions are added, then tick View register under Action column. 
  3. Select the transaction and change the date.
  4. Hit Save to complete the process.

 

The other one is to exclude them in the Banking page and manually clear the transactions in the register which I already shared in your other post. Just in case you haven't been notified of the new response, here's the link: https://quickbooks.intuit.com/learn-support/en-us/other-questions/how-can-i-match-1-sale-receipt-ref....

 

For future reference, consider checking out these articles:

 

 

Reach out to me in the comment section below if you have any other issues or concerns, and I'll get back to you as soon as possible. Have a good one!

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