On 7/1/20 the client sends you a copy of check #111 for payment to Sally's Lawn Care for $500.00. You enter the check into QBO using 7/1/20 as the date. On 7/4/20 check #111 clears the bank and comes through the QBO bank feed for $500.00, however, it’s not “matching” to the entry you already created on 7/1/20. How do you troubleshoot the above issue to get this transaction to "match" in QBO?
On 7/1/20 the client sends you a copy of check #111 for payment to Sally's Lawn Care for $500.00. You enter the check into QBO using 7/1/20 as the date. On 7/4/20 check #111 clears the bank and comes through the QBO bank feed for $500.00, however, it’s not “matching” to the entry you already created on 7/1/20. How do you troubleshoot the above issue to get this transaction to "match" in QBO?
Chapter5: Managing Checking And Savings Accounts
Section: Chapter Questions
Problem 3DTM
Related questions
Question
1
On 7/1/20 the client sends you a copy of check #111 for payment to Sally's Lawn Care for $500.00. You enter the check into QBO using 7/1/20 as the date. On 7/4/20 check #111 clears the bank and comes through the QBO bank feed for $500.00, however, it’s not “matching” to the entry you already created on 7/1/20. How do you troubleshoot the above issue to get this transaction to "match" in QBO?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning