cancel
Showing results for 
Search instead for 
Did you mean: 
StefLM
Level 1

Matching Multiple Deposits to Multiple Journal Entries

Hello, 

 

I had a fishy situation happen with my ERP program and how it handled a deposit. This resulted in 3 journal entries needing to be matched with 2 deposits. 

 

How do I do this? Thank you!!

Solved
Best answer April 27, 2021

Best Answers
Giovann_G
QuickBooks Team

Matching Multiple Deposits to Multiple Journal Entries

Thanks for posting in the Community, StefLM.

 

I can guide you in handling those transactions.

 

You have the option to match a journal entry. The system allows you to match a single bank feed entry with multiple journal entries. I'll show you how.

 

1. Go to the Banking page.

2. In the For review tab, locate the deposit.

3. QuickBooks will find the match for the record. select it, then click on Match.

4. If not, click the deposit then tick the Find match button.

5. Then, checkmark the journal entries to be the match.

 

If you have multiple deposits but only a single journal entry, then you'll want to skip the matching part. Instead, you can exclude them and manually clear the journal entries in the register.

 

Here's how to exclude:

 

1. Go to the Banking page, then select the Fore review tab.

2. Find the deposit transaction and check it.

3. Hit the Exclude button.

 

Here's how to clear the journal entries:

 

1. Go to the Accounting menu, select Chart of Accounts.

2. Find the bank and click View register.

3. Locate the Journal transaction, click the " check mark" column until a " C" appears.

4. Hit Save.

 

Also, you can reach out to your accountant before making some changes. To make sure that there are no other accounts affected on this transactions.

 

Here's a  handy material for more info: Reconcile an account in QuickBooks Online.

 

Add a comment below if you have further questions about managing your transactions. We're always here to help you. Stay safe.

 

View solution in original post

2 Comments
Giovann_G
QuickBooks Team

Matching Multiple Deposits to Multiple Journal Entries

Thanks for posting in the Community, StefLM.

 

I can guide you in handling those transactions.

 

You have the option to match a journal entry. The system allows you to match a single bank feed entry with multiple journal entries. I'll show you how.

 

1. Go to the Banking page.

2. In the For review tab, locate the deposit.

3. QuickBooks will find the match for the record. select it, then click on Match.

4. If not, click the deposit then tick the Find match button.

5. Then, checkmark the journal entries to be the match.

 

If you have multiple deposits but only a single journal entry, then you'll want to skip the matching part. Instead, you can exclude them and manually clear the journal entries in the register.

 

Here's how to exclude:

 

1. Go to the Banking page, then select the Fore review tab.

2. Find the deposit transaction and check it.

3. Hit the Exclude button.

 

Here's how to clear the journal entries:

 

1. Go to the Accounting menu, select Chart of Accounts.

2. Find the bank and click View register.

3. Locate the Journal transaction, click the " check mark" column until a " C" appears.

4. Hit Save.

 

Also, you can reach out to your accountant before making some changes. To make sure that there are no other accounts affected on this transactions.

 

Here's a  handy material for more info: Reconcile an account in QuickBooks Online.

 

Add a comment below if you have further questions about managing your transactions. We're always here to help you. Stay safe.

 

View solution in original post

StefLM
Level 1

Matching Multiple Deposits to Multiple Journal Entries

Thank you so much!!

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up