Hi Kathy! Loving the video. I have a question regarding invoice matching. Let's say I need to create an invoice for a client who paid $175 for a service. They sent the payment via Venmo (or whatever platform). When I go QB to make an invoice for the $175 payment, the AI will not show the invoice to match the $175 with. Is there something I am doing wrong?
Hi Jessica. Thank you for the shout out on the video. As far as your situation, unfortunately I can’t really tell you what may be the issue without actually seeing what you’re talking about. It’s possible it may have something to do with not using the undeposited funds account when recording the received payment. If you want me to look at it, then you can schedule some paid time with me and we can go through it. But check to see if the account is pointing to undeposited funds when you did the receive payment transaction. That would be my first place to check. Also if the transaction has been reconciled in the register, then you cannot match to the bank feed.
Yeah this is when Hector first came out with RightTool. And I fully recommend it. There’s a free version and a pro version. I have the pro version and I love it!
Thank you. I got a bank deposit and want to match it back to a vendor credit I created. QBO is not offering me that matching option no matter what I do. Should I do something other than vendor credit?
Here’s a link to a support article which may help you: quickbooks.intuit.com/learn-support/en-us/help-article/vendor-credits/enter-refund-vendor/L2y1KARni_US_en_US
For partial payments then you would record a received payment transaction and linki it to that particular invoice. The payment would post to undeposited funds. Then you would match the deposit transaction in the banking feed with the received payment transaction. It reduces the balance of the invoice by the amount of the received payment.
Hi Kathy! Loving the video. I have a question regarding invoice matching. Let's say I need to create an invoice for a client who paid $175 for a service. They sent the payment via Venmo (or whatever platform). When I go QB to make an invoice for the $175 payment, the AI will not show the invoice to match the $175 with. Is there something I am doing wrong?
Hi Jessica. Thank you for the shout out on the video. As far as your situation, unfortunately I can’t really tell you what may be the issue without actually seeing what you’re talking about. It’s possible it may have something to do with not using the undeposited funds account when recording the received payment. If you want me to look at it, then you can schedule some paid time with me and we can go through it. But check to see if the account is pointing to undeposited funds when you did the receive payment transaction. That would be my first place to check. Also if the transaction has been reconciled in the register, then you cannot match to the bank feed.
@@KathyGrosskurth I figured it out! Thank you for your willingness!
@@jessicaduncan114 I'm glad you figured it out!
Hector Garcia is getting some free promotions in this video 🤣🤣
Yeah this is when Hector first came out with RightTool. And I fully recommend it. There’s a free version and a pro version. I have the pro version and I love it!
Thank you. I got a bank deposit and want to match it back to a vendor credit I created. QBO is not offering me that matching option no matter what I do. Should I do something other than vendor credit?
Here’s a link to a support article which may help you: quickbooks.intuit.com/learn-support/en-us/help-article/vendor-credits/enter-refund-vendor/L2y1KARni_US_en_US
What if you only get a partial payment on an invoice??h Then What? With a partial payment I need the invoice to reflect the remaining balance.
For partial payments then you would record a received payment transaction and linki it to that particular invoice. The payment would post to undeposited funds. Then you would match the deposit transaction in the banking feed with the received payment transaction. It reduces the balance of the invoice by the amount of the received payment.
Here is my video on matching transactions in the Banking Center:
th-cam.com/video/wsdNf9yRSFk/w-d-xo.html
And here is the link to the first video in this series:
th-cam.com/video/nTCEFFPEBEA/w-d-xo.html
That doesn’t make sure … they should match and you’re not saying why they didn’t .
I talk about this in the first 20 seconds or so in the video. 😊