I can help you handle these transactions, John. This way, your books remain accurate.
You can create a journal entry to link the invoices and their payments. This also prevents you from duplicates. You can debit your Account Receivable to decrease the figure, then credit your Income account to add the payments as revenues.
Before doing the process, you can reach out to your accountant to ensure everything is accurate. Then, follow the steps below:
- Open your QuickBooks Desktop account.
- Go to the Company menu and select Make General Journal Entries.
- Fill out the fields and make sure your debits equal your credits when you’re done.
- Select Save or Save & Close.
You can match the journal entry to your downloaded bank transactions.
Here’s an illuminating guide that contains helpful topics to ensure the amounts match your real-life bank and credit card statements: Learn the reconciliation workflow in QuickBooks. It includes steps to modify reconciliations.
Don’t hesitate to let me know if you have any other concerns or questions besides managing imported transactions. We’re always here to help you out. Take care and have a good day!
