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efish123
Level 3

Bank recon and matching items from bank

Hello, 

 

I can have close to 1,000 checks in one month. Do I have to select MATCH for every item individually under the REVIEW tab in Banking before I can start reconciling?

 

thanks

1 Comment 1
LieraMarie_A
QuickBooks Team

Bank recon and matching items from bank

Hi there, @efish123.

 

Let me share some insights about how bank feeds work and how it helps you expedite the reconciliation process. This way, you'll get a better grasp on handling your bank transactions.

 

After you download or import transactions, QuickBooks sends downloaded transactions to the For review tab. When you accept or match them, QuickBooks marks them as "Cleared (C)." This tells you when a transaction in QuickBooks is also on your bank statement. 

 

This also indicates they're ready to be reconciled. So when you next reconcile your bank account, the transactions are already selected, speeding up the bank reconciliation process. Then, the Reconciled (R) status shows after confirming that these entries match your bank statement.

 

Additionally, you may create bank rules to streamline the review process. They save data entry time as they automatically categorize and add transactions to your account register.

 

If you need further assistance with categorizing and reconciling your entries, please know I'm always available here to help. Have a good one!

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