How to Manually Match Online Banking Statement with QuickBooks Transactions
QuickBooks software has revolutionized the way financial tasks are performed and completed with minimum resources possible. With this software all the accounting tasks can get over in just few minutes which would otherwise take hours, sometimes days to get completed. Another benefitting factor is the least amount of mistakes. These mistakes at times can take days to get rectified, which further stop the process from moving forward. With everything like calculations, filling up of forms being done by software, these errors get minimized to almost 1 or 2 mistakes in a year.
Matching Downloaded Transactions To QuickBooks Online
QuickBooks software offers another advantage of syncing your back account with QuickBooks so that all the transactions and bank details are also available with the software. You can directly download the bank statements in QuickBooks and cross check the details for accuracy. At times due to having same amount, date and even vendors, errors can occur. To avoid such errors transactions had to be matched through manual input.
Some points that need to be taken care of while matching the transactions are:
Recertify matched transactions before providing the final verdict.
In case you find some differences in the matched transactions, then manually resolve these errors.
Make sure that have a complete backup of the transactions before importing or downloading the statement from the bank.
Keep special eye on recurring transactions where payment is made again and again as most of these errors crop in such transactions only.
Date and same amount transactions are another example wherein these issues crop up. So before going forward, try to recheck all the transactions matched by the software also.
Get Help If Banking Statement Mismatch with QuickBooks Transaction
Despite keeping such scrutiny on the transactions and careful matching of transactions with bank statement, you might still end up encountering problems. To resolve them swiftly and with least amount of interrupted time you should immediately Call QuickBooks Customer Support Team for quick resolution.