Matching your various money-out transactions with bank feeds can be a pain. It takes extra time when descriptions from the bank don’t match the names on your checks and bank feeds' dates disagree with your check dates.
But QuickBooks is significantly enhancing the matching process for users with QuickBooks Checking. In many cases, you will not need to match transactions manually. Automatic matching can handle the money-out transactions you make using QuickBooks Checking.
But even when it is impossible for QuickBooks to perform a perfect automatic match, it substantially reduces the required work.
In cases where QuickBooks does not automatically match checking transactions, users will find reduced matching dilemmas and a simplified process of bank feeds matching with "recommended matches" for each money-out transaction using QuickBooks Checking.
You will save time working with bank feeds due to the high-confidence recommended matches using the reference number associated with QuickBooks Checks. No more searching for checks that only match the amount, have similar dates or display a name that might be right.
And this new match-up simplifies the process by which you confirm each transaction and heighten your confidence that your accounting records are accurate.
- Find the transaction(s) with the Match option in the Action column
- Note the Date, Description, Payee, and amount spent or received
- View the downloaded transaction (if needed)
- Select the Matching record found link to get more details
- Confirm the recommended match is a correct match
- If it's correct, select Match
Like what you're reading?
Subscribe to our FREE newsletter and we'll deliver content like this directly to your inbox.