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When looking to use an online sportsbook, Caesars sportsbook is a clear choice. The brand has name recognition going for it, plus years of experience. So, this Caesars sportsbook review will look into each section of the online sportsbook and tell you what to expect. Caesars is also growing at the right time as the country becomes more gambling friendly. Caesars is buying William Hill for a reported $3.7 billion dollars. The acquisition remains subject to approval by William Hill shareholders, but the British bookmaker’s voting board is expected to recommend that the offer be accepted.

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The following table offers a quick look at the Caesars sportsbook. Each section has received a rating between 1 to 5. So, it can tell you all about the online sportsbook at a glance. If you are interested in getting the latest bonus information on Caesars sportsbook, then visit our Caesars sportsbook bonus code page.

VegasInsider Caesars Sportsbook Rating

Caesars NJ Promo Code

Caesars Sportsbook Welcome Offer

So, the welcome bonus is really not great - I will tell you that flat out. Compared to the welcome bonus you can get from other online sportsbook, this welcome bonus is quite small. And, that definitely impacted the rating the welcome bonus received. However, it is completely free and it does not require any deposit.

The Caesars New Jersey welcome bonus is available to new customers only. When you create an account for the first time, you can use a Caesars casino bonus code to unlock the sign up bonus. Then, you can get $10 free to put toward a sports bet without even needing to make a deposit.

The good side is if you decide to make a deposit, the sportsbook will welcome you with a $300 matched sports free bet. Make sure to enter the bonus code when you are making the deposit.

However, the welcome bonus does have wagering requirements you need to follow to keep the bonus money. So, it really is not the easiest welcome bonus to claim nor to keep. And, that is disappointing given the trusted brand name that the casino has.

So, not only does the brand have a sign up bonus code for your first bet, it has a first deposit bonus code. This Caesars bonus code can be redeemed when you are ready to make your first deposit into your new account. And, you will need to make sure you make a qualifying deposit in order to use the Caesars sportsbook bonus code.

When you use the Caesars sportsbook bonus code with your first deposit, you will get a 100% match up to $300 for a qualifying deposit. However, you will have to make sure you meet the wagering requirement to both receive and keep the bonus cash. So, you will need to enter the Caesars sportsbook bonus code when you make the first deposit.

Then, you will need to place a cash sports wager. After you place a cash sports wager, a free bet will be awarded to your account. The amount of the free bet will be determined by the amount you placed with your wager.

How To Sign Up at Caesars Sportsbook

Caesars online sportsbook has opened its virtual doors to sports bettors in the state of New Jersey. An excellent welcome bonus, regular promotions, and competitive odds on a wide variety of betting markets await you. Getting access starts with opening a new Caesars sportsbook account. Setting up an account is simple and takes only a minute or two when you follow these steps.

1. Go to Caesars Sportsbook using your desktop or mobile device.
2. Enter your email address and choose a strong password.
3. Scroll down to enter your gender, date of birth, and first and last name.
4. Scroll down to enter your country of residence, street address, city, state, zip code, and mobile number.
5. Select two security questions and provide the answers for each.
6. Enter any bonus codes you wish to use.
7. Confirm that you are at least 21 and agree to the terms and conditions.
8. Check all the information to ensure it’s correct.
9. Click on the “Join Now” icon and you now have a new account.

You should know that state law requires proof of your age and identity. You can go to your account details and upload copies of the requested documents by clicking on the “Verification” link. This process is quick and painless. You cannot perform a withdrawal until you verify your age and identity. You can also set up a new account and verify your age and identity by visiting the cashier at Caesars.

How to Bet at Caesars Sportsbook

You will certainly want to get into the thrilling betting action once you have opened your account. Needless to say, you need to fund your account first. Caesars Sportsbook supports these deposit methods.

Once you have made your deposit and claimed your bonus, login and click on the sportsbook link. This will bring you to the main bookmaker page where you’ll find a list of upcoming games and their current odds. There are also links displayed as the days of the week at the top of the page. Clicking on these will bring up the wagering menu for that specific day. Similarly, click on any of the sports listed on the left side of the page to bring up betting menus for those sports.

After finding the sport, league, and individual event you wish to bet on, you’ll have several options to choose from. Typically, you see odds for the spread, money line, and total points. However, there are usually many other betting options for each match.

You’ll see a “+” sign with a number beside it. If you see a “+15”, that means there are 15 other wagering options available when you click on it. These additional opportunities range from altered spreads and totals to various team and player props. Don’t be shocked if you are presented with over 100 betting options for prime time events.

When you find and click on the bet you want to make, a betting slip with your selection pops up. Double-check the odds and then enter your wager amount. The bet slip displays the wager amount and the potential return. Once satisfied, hit the “Place Bet” icon and you’re all set. Do you want to place a parlay bet? Add your selected games to the bet slip, scroll down to the “Parlays” section, enter your bet amount, and click the “Place Bet” icon. Caesars Sportsbook also lets you build a variety of combination bets. Don’t forget about all the live betting options.

Other Caesars Sportsbook Promotions

As mentioned, Caesars offers a generous sportsbook welcome bonus in the form of a free bet worth up to $300. To qualify, make your first deposit using the Caesars Sportsbook promo code and then make your first wager. Caesars will match the amount of your first wager as a free bet up to $300. But the great deals don’t end there. Caesars has other exciting offers. Be sure to check the promotions page to see the latest promotional offers.

$10 Free Bet

Caesars gives you a $10 free bet just for opening a new betting account. All you need to do is use the Caesars Sportsbook promo code when you sign up and then verify your age and identity. Once you’ve done this, Caesars will credit your account with the $10 free bet. You must use the free bet full in one shot. It cannot be divided into multiple wagers. If your bet wins, you are awarded the win amount, not the $10 stake amount.

Weekly Football Pick ‘Em Challenge

With the NFL season in full swing, Caesars Sportsbook gives you the opportunity to win a $5 free bet every week. It couldn’t be easier. Just pick the weekly game you think will produce the highest total score. Choose correctly and you win a $5 free bet. To make your pick, log in, go to the “My Account” section and click on “My Bonuses”. Opt-in, make your selection and enjoy the games.

Caesars Rewards

Join the Caesars Rewards program to earn points every time you place a bet. The more points you accumulate, the bigger and better the rewards. Climb through the VIP tiers to earn exclusive perks.

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By signing up at Caesars, you also gain access to their expansive online casino. With such a large collection of games from the world’s most trusted software providers, Caesars has something for everyone.

Slots

Caesars Casino has a huge selection of video slots. 3-reel, 4-reel, 5-reel, and 6-reel slots boast a wide range of features, themes, and ways to win. Try popular slots like Monopoly Mega Movers, Black Diamond, and Ninja Gold. Caesars is always adding to its library with new titles like Narcos, Monopoly 250K, and Bonanza. Win a massive cash prize on Divine Fortunes, Mega Jackpots Cleopatra, or any of the other jackpot slots.

Table Games

Caesars has a nice selection of popular casino table games too. Try your favorite variants of Roulette and blackjack or settle in for a virtual session of Let It Ride, Ultimate Texas Hold ‘Em, or DJ Wild.

Video Poker

Caesars has over a dozen video poker games to choose from. They offer everything from classics like Jacks or Better and Deuces Wild to Double Double Regal Poker and Jester Poker.

Other Games

Would you like to play something a little different? Click on the “Other Games” link to find nearly two dozen specialty games. Virtual Horses, Virtual Soccer, Slingo Fortunes, and Medusa Scratch will keep you entertained for hours. Oil Mania, Double Super Bet, and Witch Pickings are some of the more recent additions to Caesars Casino’s catalog.

Betting Markets / Available Sports

So, for a name brand as well known as Caesars, the NJ online sportsbooks does not offer a wide variety of sports. As of right now, the sports offered on the Caesars sportsbook are: baseball, basketball, boxing, football, golf, hockey, MMA, motor racing, soccer, and tennis. This means that the basic sports you would expect are offered, but pretty much nothing more.

The lack of imagination in the sports offered by the Caesars sportsbook is quite disappointing. For instance, it is notable that there are no rugby league options to bet on using the online sportsbook. And, there is no darts league listed.

Plus, the Caesars New Jersey online sportsbook does not list Aussie rules as an option either. So, most international sports are not available on the online sportsbook. And, that accounts for a lower score on this part of the Caesars sportsbook review.

As far as the types of bets offered on the online sportsbook, you will find the basic bets available on most US sportsbooks. This means over/under bets, outright win bets, and the first player to score bets, to name a few. So, basically you will find the average experience when using this online sportsbook to place bets.

Caesars Odds

The Caesars NJ online sportsbook odds are comparable to the odds listed on other online sportsbooks. You will find moneyline odds or American odds listed. And, you will find points spread odds as well as total points odds.

So, say you are looking at an upcoming match between the San Francisco Giants and the Oakland Athletics. The moneyline odds or American odds for the San Francisco Giants to win are +152. The moneyline odds or American odds for the Oakland Athletics to win are -164.

Using the odds that are given by the Caesars sportsbook, you can calculate how much you would win depending on who you bet on, how much you stake, and who wins the game. So, say you wager $100 on the San Francisco Giants to win. Should they win, you would stand to get a payout of $251.

However, say you placed the same stake of $100 on the Oakland Athletics to win. If they won the game, you would stand to get a payout of $160. So, you can see how much it would benefit you to place a wager on either time in the event that they win.

Streaming and Live Betting on Caesars

So, as you can see by the low rating in this section, the Caesars sportsbook is lacking in the live streaming department. And, because of how large the brand is, that is especially surprising. But, the Caesars New Jersey online sportsbook does not have a license to live stream any sporting events, major or otherwise.

This means that, because the Caesars sportsbook does not have live streaming capability, their score is lower in this area. However, the online sportsbook does offer live in-game betting. So, the score for live betting took that into account.

This means that while you cannot watch a game live on the website, you can bet on games that are taking place in the present. And, you can continue to place bets on these in-progress games throughout the gameplay for some time. So, this is a bonus to the online sportsbook.

Caesars Mobile App

So, the Caesars sportsbook does have its own mobile app. And, users are quite happy with the sportsbook version of the Caesars app. However, you need to make sure you download the sportsbook version of the mobile app as there is more than one Caesars app available.

The Caesars app is available for both Android devices as well as iPhone/iOS devices. In order to download the sportsbook app, you must make sure you have sufficient memory on your device of choice. You also need to make sure you have an up to date operating system that is compatible with the app.

Once you download the sportsbook app, you can use it to place real money bets. However, keep in mind that the Google Play store does not yet allow real money apps. So, you will need to download the app from the website for your Android device.

The sportsbook app does a great job of replicating the feel and function of the desktop website. So, you can do anything on the app that you can on the desktop site for the most part. And, that makes for the best kind of sportsbook app.

Caesars Payment Options

As of right now, the Caesars sportsbook accepts a wide variety of payment options. And, that makes it much easier to deposit money into your account. The online sportsbook accepts more payment options than some of the other sportsbooks out there and that helps its rating.

The payment options that are accepted at this time are:

• Visa Card
• Mastercard
• American Express Card
• PayPal
• ACH Transfer/eCheck
• PayNearMe/Cash
• Online banking
• Cash at the Cage at the Caesars Casinos
• Play+
• Caesars Prepaid Card

So, as you can see, the online sportsbook accepts pretty much any type of payment option that you would want. You can pay in cash at a retail casino to deposit money on your account. Or, you can use an eWallet option. Plus, you can use your credit and/or debit card.

Customer Service

The Caesars sportsbook also has quality customer service options offered. Pretty much any kind of customer service you would want is offered by this online sportsbook. First, you can look at the Frequently Asked Questions section to see if your question has already been answered.

Should you require additional help, you have a toll-free phone number you can call, an email address you can email, or a live chat option you can utilize. So, pretty much any avenue of customer service has been addressed on the website.

Our Verdict

Overall, the Caesars sportsbook offers the basic features of an online sportsbook. However, this Caesars sportsbook review does note that the online sportsbook does not offer anything special. So, while they have good customer service, an app, and payment options, the sportsbook does nothing to set itself apart.

Unfortunately, the lack of a wider sports market, live streaming, and the lackluster welcome offers were not impressive. So, the online sportsbook lost points because of their oversights. Hopefully, the sportsbook will expand as it expands into other states.

Caesars FAQ

Caesars’ customer service team works around the clock to answer any questions. You can reach them by telephone, email, or by using the live chat function. They also have a helpful FAQ section that addresses the most common inquiries. Here are a few of the most frequently asked questions.

How can I withdraw my winnings?

Caesars does their best to ensure you can withdraw your money as quickly and easily as possible. To request a withdrawal, Login, go the “My Account” section and then select “Withdraw” from the banking menu. You may then pick the withdrawal method you would like to use. Enter the withdrawal amount, click on the “Continue” icon, and provide any other details when prompted. Caesars does not levy any charges for making withdrawals. However, your payment processor might. Caesars supports the following withdrawal methods:

• ACH/eCheck
• Caesars Play+
• Neteller
• PayPal
• Cash at Casino Cage

Who is allowed to gamble at Caesars?

Only those who are at least 21 and physically located within New Jersey are allowed to gamble at Caesars. You must also verify your age and identity in the “My Account” section. Caesars uses geolocation software to ensure you are within New Jersey during your sessions.

You will not be able to play if the software detects that you are outside of the state. This is required by New Jersey law. Also, if you have opted to participate in the self-exclusion program, Caesars blocks access until the exclusion period has ended.

Is there a mobile app for the Caesars Casino and Caesars Sportsbook?

Because Caesars Sportsbook and Caesars Casino are mobile compatible, you can enjoy all the site’s features on most mobile devices. Nevertheless, you can download the Caesars app on your Android or iOS device. Scroll to the bottom of the main page using your mobile device and tap on the “Mobile Casino” link. There, you can click on the Android download link or the iOS download link. After the app is set up, you can place sports bets or play any of the 400+ casino games.

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How to match bank deposit transactions in QuickBooks Online

The most common error I see is duplicate transactions in QuickBooks. This week's video walks through the steps to record sales and invoices in QuickBooks, and then to match the deposits to invoices and bank transactions on the bank feed. If you follow through the steps your bank balance and sales will be accurate. If not, your sales will likely be overstated, and your bank balance incorrect!

Follow these steps:

At the time of the sale

• Is the customer paying me immediately?
  Use a sales receipt
  ‍
• Will the customer pay later?
  Use an invoice.

Entering a Sales Receipt

• Enter the customer information, date and payment method.
• Will the amount received appear separately in the bank? If so, select the account it will be deposited to.
• If not, use undeposited funds.
• Enter the items sold, price, any taxes
• Save and close
• Match the subsequent deposit on the bank feed to the sales receipt

Entering an Invoice

• Enter the customer and product details, give or send the invoice to the customer.
• Match the bank feed amount to the invoice in order to “close” the invoice
• Or enter the payment using “Receive payment”
• Match the deposit on the bank feed to the payment (not the invoice).

Bank feed amount not previously recorded

• Be absolutely sure you have not recorded the sale or deposit any other way.
• Click anywhere on the row in the bank feed to “open” it, enter the Customer name, and the category you would like the income to go to. Select Add

Reconcile your bank account

• This is the ultimate check – if the bank is reconcilied, without unreconciled items carried over then your bank balance will be correct

Run your Accounts Receivable report

• Ensure that all of the amounts showing on the report are accurate. If you think that someone has paid you – check, you may have added a sale, instead of matching to the invoice.

No more duplicated deposits!

If you have duplicated entries that still need to be cleaned up - check out my course: Finding and Fixing Duplicated Transactions in QuickBooks Online

‍

Still need help?
Check this out.

Course: Finding and Fixing Duplicate Transactions in Quickbooks

If you have duplicated entries that still need to be cleaned up - check out my course: Finding and Fixing Duplicated Transactions in QuickBooks Online

Still need help?

We have what you need. Check out our courses and free resources to get more help managing your finances.

Video transcript:

Hi, Kerry here from My Cloud Bookkeeping.

The number one reason people are reaching out to me for help is still because they have duplicated transactions.

They’ve entered things twice from the bank feed. The bank balance compared to QuickBooks is way off, and the results are completely wrong.I’ve addressed the matching of expenses from the bank feed in a previous video. The link is just there. So this time, I’m going to look at how to match deposits.

There will be checklist download. You can grab it now and follow through or download it for later and use it so you know what you’re doing when I’m not around.

Because this is so common and so many of you have duplicated transactions, and it’s really messy to try to correct, I’m working on whether it’s going to be an eBook or a video course of something that I can provide so that you’ve got a way to step-by-step work through how to resolve it because it’s not always easy and it’s not always fun, quite frankly. But we’ll make it as fun as we can. So be sure to subscribe. Join Facebook group, maybe. I don’t have many people on there. I don’t do a lot there. But find a way to keep track.

And if you've got these duplicated transactions and you want to try to fix them by yourself, I'm going to try and find a way to help you to do that. So keep an eye out. Hopefully, in the next week or so. Right now, we're in the middle of the corona virus so hopefully you're watching this from the other end and thinking, oh, I’d forgotten about that but right now we're in the middle of it so I've got lots of time to make new content, new videos. I'm going to say it at the end as well.

Let me know if there's anything else you want to know, let’s go and match some transactions on the bank feed. Here we are in the sample company. I am going to walk through the sales process first, and show you what happens in your books when you record certain transactions.

Firstly, let’s consider if someone is paying here and now, or if you will be issuing an invoice and they will pay you later. If you are receiving funds now, you use a Sales Receipt. Enter your customer or choose your customer from the list. Check the date. Enter the payment method. So you pay by cheque. We’re putting it into the checking account and then we’ll sell them something. Let’s say he’s buying some entertainment for $480 with no tax. I don’t want to be messing around with tax right now. Okay? So now we save and close that.

Now, if we're selling something to somebody who'd be paying later, we prepare an invoice. So we’ll pop to the invoice. Make sure we've got our customer, which is a different customer this time. Who would I choose? Here we go. Once again, check the date, information. Choose what you're selling. Choose something different this time. I don't know, Platinum Party maybe. $1,800. No sales tax. And then save and send. Now, of course, this one’s not going to send because we’re in a sample company. So we’ll just save it.

Now, the next step would be the payment from the customer. And here’s where it gets a little interesting. You can wait for the deposit to come into the bank and match it, which is what we're going to do now. So now let's go to the bank feed. We can see here our sales receipt from Benjamin Yeung has matched perfectly with the amount that's coming from the bank feed. So we're going to match this right now. Now, this amount here, the invoice for $1800 has come in. We can match this. That's the payment for the invoice. So let's go ahead and we'll click match.

There’s also another way to do it. What we can do is we can unmatch this. Pop it back onto the bank feed. Here it is. And actually go and receive the payment from the customer first. So we’ll pop up to here. And we’ll say receive payment. Choose our customer. I’ve changed the date to coincide with bank feed dates. So if you're noticing a date change, that's what's going on here. We’re going to select this invoice and we're going to save and close.

So now we come back to the bank feed. Notice that this is matched to the payment and not to the invoice as it did before and this is correct. Now, occasionally, this is something that goes wrong. I think QuickBooks has fixed it now. But if you haven't recorded a payment, it's okay to match it to the invoice. If you have recorded a payment, you need to always match it to the payment. So because we know that this is the amount of the payment, it's from the same customer, it’s correct, we’re just going to hit match.

Now, here we have a transaction deposit that doesn't have a suggested match. And a common error I see is that somebody will look at this and they’ll go, “Oh I know who this is from.” And they'll go, “Okay yeah, this was some sale.”

Let's have a look in here. Sales. Here it is and this is the right customer and they click add and they record the sale into their books. That's fine if you hadn't already recorded the sale somewhere else. So if you hadn't recorded a sales receipt or an invoice. Various reasons why things might not match that I’ll go over later, but occasionally this is what happens. So before we add anything, we're going to pop in here and we're going to go find match. And we’re going to see perhaps if we have already recorded it. But you know what? Perhaps, we know that this $8,760 here relates to a partial payment for this $15,000 for Chadha’s Consultants. If that's the case, we can apply this $8,760 as a part payment and save it. So by doing this, we've allocated that payment to the correct invoice. If we had added the $8,760 and not apply it to the invoice, we would have increased our sales by 8,760. And we would have thought that Chadha still owed us $15,000 and this is what goes wrong when you're not really careful working with the bank feed.

Now, if you're absolutely certain that a transaction on the bank feed has not been entered before, go ahead choose the category and add away. Some of the reasons transactions may not match or if the amount is slightly different. Perhaps your customer didn't pay the correct amount due to a sales tax error or a rounding error, maybe you recorded the transaction to the wrong bank account, and which is really easy to fix if you catch it. Also, if you have a backlog of transactions, sometimes I find the matching function doesn't work so well. A really good reason to keep on top of your bank feed and your bookkeeping.

Now, if you have multiple transactions in one deposit, it doesn't always correctly match them all and sometimes foreign currency amounts won’t much properly. So here’s where the importance of regular bank reconciliations really does come in. If you're reconciling regularly, you'll be able to catch this quickly.

So download the checklist, walk through it when you're recording your transactions. I might make another video about combining multiple payments into one deposit using the Undeposited funds account. It seems to be another thing that people are having some challenges with. If that will be useful, let me know. Comment below. Join the Facebook group, whatever works for you.Be sure to subscribe to my channel so I can keep you in the loop when I find a way to show you how to fix those duplicated transactions. It's a little more work than a simple how-to video I'm afraid, but we'll get there. If you have any questions, there is anything else you’d like to know, just reach out. Don't hesitate to contact me. Comment below. My next video could be for you. Cheers!

Video transcript:

Hi, Kerry here from My Cloud Bookkeeping.

The number one reason people are reaching out to me for help is still because they have duplicated transactions.

They’ve entered things twice from the bank feed. The bank balance compared to QuickBooks is way off, and the results are completely wrong.I’ve addressed the matching of expenses from the bank feed in a previous video. The link is just there. So this time, I’m going to look at how to match deposits.

There will be checklist download. You can grab it now and follow through or download it for later and use it so you know what you’re doing when I’m not around.

Because this is so common and so many of you have duplicated transactions, and it’s really messy to try to correct, I’m working on whether it’s going to be an eBook or a video course of something that I can provide so that you’ve got a way to step-by-step work through how to resolve it because it’s not always easy and it’s not always fun, quite frankly. But we’ll make it as fun as we can. So be sure to subscribe. Join Facebook group, maybe. I don’t have many people on there. I don’t do a lot there. But find a way to keep track.

And if you've got these duplicated transactions and you want to try to fix them by yourself, I'm going to try and find a way to help you to do that. So keep an eye out. Hopefully, in the next week or so. Right now, we're in the middle of the corona virus so hopefully you're watching this from the other end and thinking, oh, I’d forgotten about that but right now we're in the middle of it so I've got lots of time to make new content, new videos. I'm going to say it at the end as well.

Let me know if there's anything else you want to know, let’s go and match some transactions on the bank feed. Here we are in the sample company. I am going to walk through the sales process first, and show you what happens in your books when you record certain transactions.

Firstly, let’s consider if someone is paying here and now, or if you will be issuing an invoice and they will pay you later. If you are receiving funds now, you use a Sales Receipt. Enter your customer or choose your customer from the list. Check the date. Enter the payment method. So you pay by cheque. We’re putting it into the checking account and then we’ll sell them something. Let’s say he’s buying some entertainment for $480 with no tax. I don’t want to be messing around with tax right now. Okay? So now we save and close that.

Now, if we're selling something to somebody who'd be paying later, we prepare an invoice. So we’ll pop to the invoice. Make sure we've got our customer, which is a different customer this time. Who would I choose? Here we go. Once again, check the date, information. Choose what you're selling. Choose something different this time. I don't know, Platinum Party maybe. $1,800. No sales tax. And then save and send. Now, of course, this one’s not going to send because we’re in a sample company. So we’ll just save it.

Now, the next step would be the payment from the customer. And here’s where it gets a little interesting. You can wait for the deposit to come into the bank and match it, which is what we're going to do now. So now let's go to the bank feed. We can see here our sales receipt from Benjamin Yeung has matched perfectly with the amount that's coming from the bank feed. So we're going to match this right now. Now, this amount here, the invoice for $1800 has come in. We can match this. That's the payment for the invoice. So let's go ahead and we'll click match.

There’s also another way to do it. What we can do is we can unmatch this. Pop it back onto the bank feed. Here it is. And actually go and receive the payment from the customer first. So we’ll pop up to here. And we’ll say receive payment. Choose our customer. I’ve changed the date to coincide with bank feed dates. So if you're noticing a date change, that's what's going on here. We’re going to select this invoice and we're going to save and close.

So now we come back to the bank feed. Notice that this is matched to the payment and not to the invoice as it did before and this is correct. Now, occasionally, this is something that goes wrong. I think QuickBooks has fixed it now. But if you haven't recorded a payment, it's okay to match it to the invoice. If you have recorded a payment, you need to always match it to the payment. So because we know that this is the amount of the payment, it's from the same customer, it’s correct, we’re just going to hit match.

Now, here we have a transaction deposit that doesn't have a suggested match. And a common error I see is that somebody will look at this and they’ll go, “Oh I know who this is from.” And they'll go, “Okay yeah, this was some sale.”

Let's have a look in here. Sales. Here it is and this is the right customer and they click add and they record the sale into their books. That's fine if you hadn't already recorded the sale somewhere else. So if you hadn't recorded a sales receipt or an invoice. Various reasons why things might not match that I’ll go over later, but occasionally this is what happens. So before we add anything, we're going to pop in here and we're going to go find match. And we’re going to see perhaps if we have already recorded it. But you know what? Perhaps, we know that this $8,760 here relates to a partial payment for this $15,000 for Chadha’s Consultants. If that's the case, we can apply this $8,760 as a part payment and save it. So by doing this, we've allocated that payment to the correct invoice. If we had added the $8,760 and not apply it to the invoice, we would have increased our sales by 8,760. And we would have thought that Chadha still owed us $15,000 and this is what goes wrong when you're not really careful working with the bank feed.

Now, if you're absolutely certain that a transaction on the bank feed has not been entered before, go ahead choose the category and add away. Some of the reasons transactions may not match or if the amount is slightly different. Perhaps your customer didn't pay the correct amount due to a sales tax error or a rounding error, maybe you recorded the transaction to the wrong bank account, and which is really easy to fix if you catch it. Also, if you have a backlog of transactions, sometimes I find the matching function doesn't work so well. A really good reason to keep on top of your bank feed and your bookkeeping.

Now, if you have multiple transactions in one deposit, it doesn't always correctly match them all and sometimes foreign currency amounts won’t much properly. So here’s where the importance of regular bank reconciliations really does come in. If you're reconciling regularly, you'll be able to catch this quickly.

So download the checklist, walk through it when you're recording your transactions. I might make another video about combining multiple payments into one deposit using the Undeposited funds account. It seems to be another thing that people are having some challenges with. If that will be useful, let me know. Comment below. Join the Facebook group, whatever works for you.Be sure to subscribe to my channel so I can keep you in the loop when I find a way to show you how to fix those duplicated transactions. It's a little more work than a simple how-to video I'm afraid, but we'll get there. If you have any questions, there is anything else you’d like to know, just reach out. Don't hesitate to contact me. Comment below. My next video could be for you. Cheers!

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