Within Quickbooks Desktop 2023, can I match an unrecognized bank feed transaction to an invoice previously entered into accounts payable. (the invoice was entered into Accounts payable and then the payment was drafted out of our account) Will this allow me to mark the AP invoice as paid as well as match the bank feed transaction?
5 Comments 5 June 07, 2023 06:18 AMThank you for using the Online Banking feature in QuickBooks Desktop. Matching your bank transaction to your vendor's invoice (bill) posted to A/P will speed up the payment recording process. I'm happy to answer your question about the effect of matching the transactions and guide you through the process.
Yes, you can match a downloaded transaction to your bill (vendor invoice) to mark it as paid. Normally, QuickBooks will automatically identify the bill as a matching entry, but if it has already been paid, the payment becomes the matching entry.
On the other hand, there are times when matching entries are not immediately identified. Therefore, you'll want to do it manually using the steps in the Manually match transactions section of this article: Add and match Bank Feed transactions in QuickBooks Desktop. The steps depend on whether your Banking Feeds Center is in the Advanced or Classic mode.
To know which mode you're using or to switch to another mode:
After matching your bank transactions and entering the rest of the transactions in a statement period, you can reconcile your bank account.
Let's make sure you can achieve your goal of matching your bank transaction to your bill, so let me know if you need more assistance. Take care and have a good one!
