Double entry issue for invoice payments (QMac Business & Personal)

donmalec · January 9

Quicken Classic for Mac Version 8.4.1 (Build 804.59810.100) macOS 15.7.2

My business checking account was setup to connect to my bank and automatically updates that account in Quicken, including Deposits.

After receiving customer payments, I record the payments on the client's invoice and select my business checking account to deposit the funds into.

This situation results in a double entry for the deposits in my business checking account. The only way to avoid this is to: 1) disconnect the connection to my bank (which isn't desirable) or 2)record the payments on the client's invoice and select "undeposited" rather than "business checking account".

I am assuming if I choose option 2 that I have to reconcile the "undeposited" account after the actual deposit is made in the bank. This doesn't seem practical to me and requires an extra step.

Is there a better or different way to record the invoice payments that does not result in s double entry or extra steps?

UKR · January 9

In your checking account, have you tried dragging the payment transaction created from within the Customer Invoices account over the downloaded transaction?
That should match the two transactions together into one and eliminate the duplicate problem. And that's usually what Mac users should do when a downloaded transaction doesn't auto-match to an already existing register transaction.

Quicken Anja · February 7

Hello @donmalec,

We haven't heard back from you in a while. Do you still need assistance?
Were you able to give @UKR's suggestion a try?

Check back and let us know! Thank you.

Quicken Anja · February 14

Hello again,

Checking in once more before this thread is closed.
Let us know if you still need assistance.

Thank you!

Quicken Anja · February 21

Hello again,

Due to the lack of response, I went ahead and closed this post.

If you still require assistance, please feel free to start a new post.

Thank you!

Double entry issue for invoice payments (QMac Business & Personal)

Answers

Categories