clearing expense account: I paid a vendor via ACH and reconciled the bank account. The following month the ACH was returned to us. I now need to resubmit the ACH to the vendor. How do I record this transaction in quickbooks without voiding the original payment to the vendor that has already been reconciled but I don’t want to over state this vendors wages.
create an expense account called clearing
Make a deposit for the amount of the returned ach, use the clearing expense account as the source (from) account for the deposit
Enter a new ach transaction, use the clearing expense account as the expense for the transaction
when you recon, check off this deposit against […]
Resolution for 'clearing expense account issue: 'I paid a vendor via ACH and reconciled the bank account. The following month the ACH was returned to us. I now need to resubmit the ACH to the vendor. How do I record this transaction in quickbooks without voiding the original payment to the vendor that has already been reconciled but I don’t want to over state this vendors wages.' available: Yes.
The clearing expense account 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 clearing expense account issue yourself by looking for a resolution described in the article. If it is a complex clearing expense account issue or you are unable to solve the issue, you may contact us by clicking here or by using other clearing expense account support options.
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