Do Not Use The QBO Bank Feed “Find A Match” For Posting Multiple Payments - Received Or Paid!
The QBO bank feeds have a nifty feature that allows you to match a single transaction (money in and money out) to multiple transactions. While it may be tempting to use this feature, I recommend you don’t.
It can make for wonky future issues with the transaction if matched this way.
The total transaction will not come up in a search (and by now, you know how much I love universal search!)
The data is difficult to review against supplier statements
Causes confusion when viewing bills
It can cause trouble with current transactions.
The match” may not indeed fully match, leaving this irritating partial transaction in the bank feed.
The match multiple transactions is, however, a big timesaver for identifying which multiple transactions may be part of a payment and creating the payments.
Open the find a match in one tab
Once it gives you a curated list of the transactions, open a second tab, go to the customer or supplier and create the matching payment
Confirm payment with the client?
I love the bank feeds and find a match, especially for combined transactions. But, like many things in our apps, proceed with caution and use best practices to save headaches along the way.
