ACH Vendor WithdrawalRefund Split Between Months/Years: We pay a vendor reoccurring monthly payments via ACH. In December we received a one time bill for next year’s deposit and paid it by check. The vendor cashed the check but withdrew the same amount via ACH and later refunded it. My concern is the ACH withdrawal was in 2019 and the refund is in 2020. My reconciliation period for that banking account closes on 12/31/19. Any ideas on how to handle these ACH banking transactions so my yearly expense/income is correct? Bill/Check Payment Matched: 12/1/19 – Vendor Bill Entered 12/19/19- Bill Payment (Check) – Matched to 12/26/19 Bank Draft Overpayment/Refund not Matched: 12/26/19 – ACH Debit from Bank Account 1/2/2020 – Bank Account Received Returned Funds via ACH
I completely understand how you’re concern about handling your ACH overpayment from last year and got a refund this month from a vendor.
First off, let’s enter a vendor credit to make sure it will hit the expense account you use for this vendor. Then, let’s deposit the money you got […]
Resolution for 'ACH Vendor WithdrawalRefund Split Between Months/Years issue: 'We pay a vendor reoccurring monthly payments via ACH. In December we received a one time bill for next year’s deposit and paid it by check. The vendor cashed the check but withdrew the same amount via ACH and later refunded it. My concern is the ACH withdrawal was in 2019 and the refund is in 2020. My reconciliation period for that banking account closes on 12/31/19. Any ideas on how to handle these ACH banking transactions so my yearly expense/income is correct? Bill/Check Payment Matched: 12/1/19 – Vendor Bill Entered 12/19/19- Bill Payment (Check) – Matched to 12/26/19 Bank Draft Overpayment/Refund not Matched: 12/26/19 – ACH Debit from Bank Account 1/2/2020 – Bank Account Received Returned Funds via ACH' available: Yes.
The ACH Vendor WithdrawalRefund Split Between Months/Years issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the ACH Vendor WithdrawalRefund Split Between Months/Years issue yourself by looking for a resolution described in the article. If it is a complex ACH Vendor WithdrawalRefund Split Between Months/Years issue or you are unable to solve the issue, you may contact us by clicking here or by using other ACH Vendor WithdrawalRefund Split Between Months/Years support options.
For more information about resolving issues related to ACH Vendor WithdrawalRefund Split Between Months/Years in Quickbooks/QBO or to get support for the issue 'We pay a vendor reoccurring monthly payments via ACH. In December we received a one time bill for next year’s deposit and paid it by check. The vendor cashed the check but withdrew the same amount via ACH and later refunded it. My concern is the ACH withdrawal was in 2019 and the refund is in 2020. My reconciliation period for that banking account closes on 12/31/19. Any ideas on how to handle these ACH banking transactions so my yearly expense/income is correct? Bill/Check Payment Matched: 12/1/19 – Vendor Bill Entered 12/19/19- Bill Payment (Check) – Matched to 12/26/19 Bank Draft Overpayment/Refund not Matched: 12/26/19 – ACH Debit from Bank Account 1/2/2020 – Bank Account Received Returned Funds via ACH', click the link below: