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Level 1

One payment split over two invoices...?

A have a client (let's call him Bob) for whom I did two pieces of work and submitted two invoices. After having lost the [removed] invoices(!), Bob finally pays up, but he's given me one big deposit instead of two smaller ones.

I'm sure it's very easy, but for the life of me I can't see how to split the deposit into two parts and have QB match them against both of Bob's invoices....
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Best answer October 15, 2018

Best Answers
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Level 4

One payment split over two invoices...?

When the deposit is downloaded, click Find Match to select the 2 invoices to apply it to them.

Or enter the payments posted to undeposited funds.  Then, enter the deposit and select the payments from undeposited funds to make one deposit which can be matched to the deposit downloaded.

I hope this helps.

View solution in original post

4 Comments 4
Highlighted
Level 4

One payment split over two invoices...?

When the deposit is downloaded, click Find Match to select the 2 invoices to apply it to them.

Or enter the payments posted to undeposited funds.  Then, enter the deposit and select the payments from undeposited funds to make one deposit which can be matched to the deposit downloaded.

I hope this helps.

View solution in original post

Level 1

One payment split over two invoices...?

D'oh!         It was as simple as I hoped! :)      Thank you. I'd got hooked up on the idea of splitting the darned thing, which is completely different!
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Level 1

One payment split over two invoices...?

Thanks for this solution.  Question:  How do I reconcile this on QBO?  I see the bank deposit along with the 2 invoices that the deposit was split into.  This falsely doubles my funds.  

Thanks for the guidance!


@Michelle-Long-CPA wrote:
When the deposit is downloaded, click Find Match to select the 2 invoices to apply it to them.

Or enter the payments posted to undeposited funds.  Then, enter the deposit and select the payments from undeposited funds to make one deposit which can be matched to the deposit downloaded.

I hope this helps.

 

Highlighted
QuickBooks Team

One payment split over two invoices...?

Thanks for joining this conversation, @zahatres. let me chime in to add more information about reconciling in transactions in QuickBooks Online.

 

Though the invoice transactions are split, as soon as you matched them with the one big deposits in the bank feeds, it will then be added to QuickBooks as one and should not be duplicated or double the funds. 

 

When you reconcile, you'll need to get your bank statement, then open the reconciliation for that period. Simply select the two invoices as soon as you see the one large amount in your bank statement to crossmatch the transaction. 

 

To know more about how to reconcile accounts in QuickBooks Online, here are some helpful articles you can check:

 

Let me know if you require additional help. We're always to help you more. Stay safe. 

 

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