Settlements are imported to QuickBooks as Journal Entries (or Sales Invoices) which can be matched up against your bank deposits.

a. Reconciling Single Journal Entries

Step 1. First make sure you you have selected the proper bank account under each marketplace in Connections.

Step 2. First select Banking on the left side.

Step 3. Find the settlement that you want to reconcile and select Match. QuickBooks will auto-match the proper sales invoice/journal entry and bank deposit to make things easier.

b. Reconciling Split Journal Entries

If you have split invoices turned on in Settings > Accounting > Invoices, taxomate will send two journal entries where the settlement spans two months (e.g., Sep 19, 2019 - Oct 3, 2019). 

Split journal entries ensures sales and fees are accounted for in the correct month, but you will still only have to reconcile one entry in QuickBooks.

Step 1. As with single journal entries, select Banking on the left side 

Step 2. Find the settlement that you want to reconcile and select Match. QuickBooks will auto-match the proper sales invoice/journal entry and bank deposit to make things easier.

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