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edistefano
Level 1

bank recs

If I download all of my transactions directly from the bank, why do I still have to check off which cleared when I do a bank rec?
3 Comments
Anonymous
Not applicable

bank recs

Thank you for posting in the Community, @edistefano.

 

I can help share some insights about bank reconciliation in QuickBooks.

 

In QuickBooks Desktop, once the transactions are downloaded from the bank, you can add/approve to reconcile it directly.

 

There are instances wherein you need to review the transactions in QuickBooks first if it's a possible match. If it's not, you'll have to select another existing transaction before doing the reconciliation.

 

I'm including some related articles below for more information about handling and reconciling transactions.

 

Add and match Bank Feed transactions

Reconcile in QuickBooks Desktop

 

This should help guide you in the right direction. Please let me know if you have additional questions about bank reconciliation. I'll be here to help.

edistefano
Level 1

bank recs

I already matched and accepted the transactions, but when I go to do the bank rec I still have to "mark" each transaction to show it cleared... doesn't qb already know it cleared because I downloaded it from the bank ?

MirriamM
Moderator

bank recs

Thanks for getting back to us, edistefano,

 

Let me share some insights about about downloaded transactions marked as cleared in QuickBooks Desktop (QBDT).

 

In the bank feeds, once you download transactions, QuickBooks helps you match the transactions in it to the ones in QuickBooks.

 

However, upon starting to reconcile your online account, the matched transactions are not marked as cleared in the Reconcile window.

 

Moreover, you can mark them as cleared as a group, since you have already reviewed them once. Here's how:

  1. In the Reconcile window, click the Matched button to clear all the transactions in QuickBooks that you matched to downloaded ones.
  2. Enter the Ending Date from the paper statement that you received from your financial institution.
  3. Click OK.
  4. Click Reconcile Now.

That's it! For future reference, I've attached a helpful article: Fix reconciliation Discrepancies.

 

Feel free to visit us again if you have further questions in reconciling your account, I'm always here to help. Have a great day!

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