Matching Transactions

Yea, post your question on a Quicken newgroup.

A deposit was made by bank machine with an incorrect amount, the bank made the necessary adjustment. QuickBooks won't let me match 2 bank transactions to one transaction in the register. Is there any way to do this? Any help would be greatly appreciated. Thanks.

A deposit was made by bank machine with an incorrect amount, the bank made the necessary adjustment. QuickBooks won't let me match 2 bank transactions to one transaction in the register. Is there any way to do this? Any help would be greatly appreciated. Thanks.

Match in what way. Are you trying to reconcile the bank account?

Sincerely, Joanne

Delete the single incorrect transaction in Slowbooks and put in the correct two transactions that you bank shows. (Your bank did two transactions therefore there are two transactions!)

Hi Joanne,

I'm trying to match the downloaded onlline bank transactions to the register.

Thanks, Diane

The initial transaction were four cheques for paid invoices, the total amount deposited was entered incorrectly (so the bank owed us). The transaction in QuickBooks is correct, if I delete it will it not change the paid invoices?

This is not something I've ever investigated or used. It seems to me that one of the two should be able to be changed. I would opt for deleting one of the downloaded items and change the other downloaded item to agree with the register.

If that doesn't work, change the deposit by starting with the "receive payments" screen. Receive the payment as though it were two payments, then you can make two deposits of it.

Sincerely, Joanne

Make another entry in the original deposit (not through receive payment) for a negative amount of the correction, charged to a suspense account. Make another manual deposit for a positive amount for the same $ again charging the same suspense account. This should leave 2 transactions that match the bank entries.

I find downloading to reconcile messier & less flexible than simply printing a list of the bank transactions & using the QB reconcile function - just don't finalize it until the month end statement has been reconciled.