Conversion of an invoice payment that exists in a split transaction?

JaffyQuick
JaffyQuick Quicken Windows Other Unconfirmed, Member
edited July 30 in Registers & Transactions (Windows)

Hello, Quicken Masters; I myself am new. I have an issue and want to pick your brain.

Started a business in QuickBooks (Version), want to capture my single client’s charges and payments for this year. Currently to date their deposits are categorized as Consulting Income BUT, their deposits are bundled via the split feature and match the bank. Previously I did not use invoices now I want to.

When I go through the process of creating and recording the payments it by design places an entry in the register, categorizes the item and flags the invoice as being paid. Right. But now my register will be off the reconciled mark if I change the multiple item deposits.

Best way to deal with this? (Make adjustment entries and move on perhaps?)

Tips and tricks anyone?

Answers

  • JaffyQuick
    JaffyQuick Quicken Windows Other Unconfirmed, Member

    Oh, if I simply delete the entry made by the invoice side, that messes up the paid flag.

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited June 30

    their deposits are bundled

    I believe the conventional wisdom is to first record the payments received into a holding account, and then use an aggregate transfer to the checking account to be matched to the downloaded transaction.

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