The entity is a homeowner’s association and the invoices in question are recurring monthly invoices for dues. There are 32 owners and each currently pays $190.00 per month. These dues payments are collected by ACH debits to each owner's checking account on the same date each month. Then the bank credits our checking account with $6,080.00 in one lump sum.
Thank you for sharing the details of your concern regarding matching a lump-sum deposit to multiple customer invoices in QuickBooks Online (QBO). I can guide you through handling this to ensure your transactions align accurately.
To begin with, if those invoices are still open, we can directly match them to the downloaded lump sum bank deposit. This process will mark them as paid.
Here's how:
On the other hand, if you've manually received payments and created a bank deposit, we can proceed to match the bank deposit to the downloaded lump sum bank deposit.
Allow me to guide you through the process:
Moreover, did you know that we offer a free session with our QuickBooks Live Expert Assisted? They specialize in transforming financial management into a seamless experience and provide personalized advice for your business-specific demands. Your brighter financial future starts with just one click.
Additionally, after matching these transactions, I recommend reconciling your account to ensure that the deposit matches the bank record and keeps your financial records accurate.
Feel free to reach out if you have any questions or need further assistance with this process. We’re here to help ensure your association’s financial management runs smoothly.
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