Matching bank transactions in QuickBooks Online (QBO) will vary depending on the types of transactions you need to match, accounting639. I will provide more details about this.
Before anything else, could you please provide further clarification on the refund transaction you mentioned, which includes the invoice payment and the refund? Please know that an invoice payment is considered an income transaction, indicating that the customer has paid for your product or service. In contrast, a refund is an expense transaction initiated by you to return money to your customer.
Additionally, an invoice payment can be matched with the invoice you created or the payment your customer made in QuickBooks. The way you record the refund will depend on how you handle customer refunds in QBO since there are various ways of recording a refund in the program.
To know more about how you can categorize and match your downloaded bank transactions in QBO, you can check out this article: Categorize online bank transactions in QuickBooks Online.
Also, once you are ready to reconcile your account, I recommend checking the steps provided in this article so you'll be guided for future assistance: Reconcile an account in QuickBooks Online.
Furthermore, did you know that you can schedule a free consultation with our QuickBooks Live Expert Assisted? They can offer tips and guidance about managing your QuickBooks Online account, specifically for handling your banking transactions.
I'm still available if you have further questions about managing your transactions. Simply click on the Reply button and I'll make sure to answer your queries promptly.
