Fixing Mistakes from QBO Matching Transactions - QuickBooks

[@worldwidequickbooks]

Hello, my QuickBooks friends using QuickBooks desktop and importing or downloading your transactions!! The 2 most common matching problems are: if you accidentally added a mis0matched transaction and if the transaction does not match because you entered the wrong money amount. This video will show you what to do in both cases. I hope you will click “like” after watching and I hope you will subscribe. -Mark

[@ahmedwaylaboy7299]

Awesome tutor with best teaching capabilities. ❤

[@worldwidequickbooks]

Thank you so much If you need anything else just go to the main channel page and search in the search bar or Ice people with good compliments can just ask me and I'd be happy to help you I hope you will click like after watching each one and subscribe Mark

[@normarosado8411]

Hello, First thank you for these video, you do an excellent job of teaching! I have QBonline 2023, and it is quite different from what you are using to teach. Do you happen to have updated versions of these videos?

[@worldwidequickbooks]

Thank you. For asking, but this particular video in this particular series.I did not choose to update because it happens to be the same right now Don't be fooled by different colors in the interface or different words in the menu , choices or of things Are in different positions or shapes on the screen. The instructions still stand and if you click on the top right corner of this video.You will get the link to the full playlist Of. This topic and if you watch it in proper order , you will see that it is the same and you will know everything I thank you for the kind words.And I hope you will remember to click like after watching each 12 help support the free channel for ever one and Please subscribe Mark

[@mari-bel3711]

Explanation to the fullest...You’re awesome!

[@worldwidequickbooks]

Thank you so much I hope you will like after watching each one and subscribe

[@glo7056]

Thanks! Hello, thank you for your videos. using QB desktop and trying to reconcile. In the bank register in QB it shows a split deposit when I click on it it shows three different checks from three different customers. When I refer to the bank statement I received from the bank it only shows two of the checks from two different customers . One of the customer check that is listed in the split deposit actually cleared and listed on the next bank statement. My question is what do I do to reflect the actual amount that is reflected in the bank statement (i.e. bank statement shows for a certain day $1,325.00 and on the bank register in QB show a greater amount and as a split, the other check that is listed in the split shows up on the next bank statement and not the one I'm currently trying to reconcile). not sure what to do, please help? Thank you so much!

[@worldwidequickbooks]

Thank you for your donation. As mentioned in my other answer, just edit the transactions to match the statements if the statemenst are correct. -Mark

[@worldwidequickbooks]

Please post a question only once

[@jaynehuth4544]

Great directions!

[@worldwidequickbooks]

Thank you so much. I hope you will subscribe and click like

[@florak1087]

Hi Mark, great video. I am doing the books for a friend and have used Quickbooks in the '90s so I am a bit rusty but loving the new online version. I was given a year's worth of receipts to input and catch up. I have entered most of the expenses (prepaid payments and loan info is what I am waiting for) and am almost ready to reconcile the months. I have a couple of questions: 1) can I go ahead and start reconciling what I have and put a hold on the reconciliation until I get everything from my friend? (I feel like I need to get working on this) 2) I noticed down the line that there is a deposited check in one of the feeds for a paycheck that he had issues within QB because of how he set up his payroll. (he should have been taken drawings instead of being an employee) He showed me the pay stub and said the amount was wrong but that amount was in the bank feed. 3) And speaking about payroll and not being an employee and who should be taking drawings, how would you go about changing the data for the accounts for this mistake? (if there IS a video on this I would love to see it and if not, this would be a great subject to do a video on! ) If this makes sense, let me know. thank you!

[@worldwidequickbooks]

Thank you Florita, The answer to your first question is that you only need the bank statement to start "reconciling" This video is noty about reconciling. Please ask your other 2 questions 1 at a time and please be breif and clear with no other irrelevant information so I can understand what youa re asking -Mark

[@florak1087]

@@worldwidequickbooks Sorry Mark, I was watching a bunch of your videos. I want to know if you can pause a reconciliation and move on to the next month? (awaiting receipts and payments and that is slowing me down). Thanks.

[@worldwidequickbooks]

1 question at atime plase. Pleas ebe breif and clear and I will try to help you -Mark

[@florak1087]

@@worldwidequickbooks Ok. Got it. Can I go ahead and reconcile if not everything is in QB~put a hold on that one month and move on to the other months?

[@worldwidequickbooks]

@@florak1087 You are asking me about reconciliation. You need this playlist first. kzbin.info/www/bejne/mXPHiJxugt1jncU I hope you will "like" after watching each one -Mark

[@vickie6662]

Mark, can I undo a day's work in QBO? I messed up 6 full months in bank reconciliation yesterday. Tried to go back and clear after the months were reconciled. Lost my way. And while I was in balance now I'm in a mess. Help, please and thank you.

[@worldwidequickbooks]

Thanks for asking I don't know exactly what happened but I found when dealing with clients, that if you have a bloody mess, the best thing to do is to start fresh and this is especially true because it's easy if you simply download everything from the bank If you have the knowledge of this bank feeds playlist then you know how to import transactions that you can open up a fresh quick books online account or even a desktop new file if you're using desktop, and simply be download the transactions into the review list and reclassify them and re enter them and then the reconciliation process should go smoothly Mark

[@SweetbJames]

How do you undo the match after the books have closed for the month? there is a warning message from QBO when you try to do that. Thanks!

[@worldwidequickbooks]

Thank you James. The reason I do not understand your question, is because the closing has nothing to do with matching or the bank feeds process at all. You "match", simply to take a transaction off the review list. teh closing date only becomes an issue when you change transactions that have already been recorded. Please re-state your question and I will be happy to help you. P.S. Here is a video about the qbo closing date. If you need desktop closing video, please let me know. kzbin.info/www/bejne/b6rLfnmZnpKjepo -Mark

[@kacostello12]

Do you have a video on how to do this in Quickbooks desktop?

[@worldwidequickbooks]

yes, i have a playlist calle "quickbooks desktop bank feeds" it's in the playlist section of the main chanel page kzbin.info.

[@rowley6887]

How do you match a double entry? Like a payment was made to a CC on the 24th and the download is the 27th…there are 2 entries for the same transaction….it always throws me off

[@worldwidequickbooks]

You have to remove the match from the wrong one and place it on the correct one If you look in the description you'll see the link to the whole playlist or if you click on the top right of the video you will see the link to the whole playlist and one of the following videos in the same playlist will show you how to do that Please confirm that you found it Let me know if it helps Mark

[@MuhammadAbbas-edu]

I can do practice because I do not have data.

[@worldwidequickbooks]

just watch and learn.