When a customer makes a payment, the payment is “received” in Quick Books and it is applied to the outstanding invoice. How does this cash received show in the bank feed? It will not be a deposit since it was not coded as such. Would this payment made (and deposited in the bank account) show in the bank feed?
Welcome back L A! So another great question. When deposits are downloaded into the banking center in QuickBooks the program will try to find a payment that matches that amount. If it cannot find a payment, when you try to categorize that deposit, you can select the customer payments that are associated with that deposit and it will “match” the received payment you have already entered with the deposit that has been downloaded. I believe our how to manage downloaded banking transactions video tutorial will help to make this clear. I have included a link to the video tutorial below. It is the same one that I included in the previous question that you had. https://fitsmallbusiness.com/quickbooks-bank-feeds/
Thanks for the great questions and for reading!
All the Best-
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.