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TAC24
Level 1

Banking transactions

My bank transactions are uploaded from my bank, however, there hasn't been any transactions to match my bank transactions, nothing was ever entered.  Owner cut checks but never entered a bill or invoice to match it.  Do I leave them as they are, or do I actually add bank transaction if there is nothing to match it to?

1 Comment 1
Sherrie_F
QuickBooks Team

Banking transactions

Absolutely yes, @TAC24. You still have to add bank transactions in QuickBooks Online (QBO) even if there are no bills and invoices to match them. Let me assist you further with this and explain it in detail.

 

In QuickBooks, there are multiple ways to enter and track transactions. You can create a sales form, like an invoice or sales receipt, to capture your entire business cycle.

 

You can also add transactions manually while you're working in your account register. This saves time if you're reviewing your chart of accounts.

 

Here's how:

 

  1. On the upper right corner, look for the Gear icon.
  2. Select Chart of accounts. Tip: You can also select Chart of accounts from the Transactions tab in the MENU dropdown.
  3. Find the account register you want to review.
  4. Select View register from the Actions column.

 

Once done, we can now add a transaction. Here's a quick guide on how:

 

  1. At the very top of the list, select the Add journal entryAdd check, or Add deposit dropdown menu.
  2. Select the type of transaction you want to add.
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  3. Fill out the fields to complete the transaction.
  4. When you're done, select Save.

 

In addition, I'll be adding these articles to help you review your transactions and reconcile your accounts:

 

 

If you need additional guidance in managing your bank transactions, feel free to let me know. It would be my pleasure to assist you again at any given time.

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