Using mobile deposits in my bank app that is synced to my QBO

I have valuable information that will help you overcome this obstacle and enable you to view all your transactions in the QuickBooks Online App.

QBO matches up transactions for you. For instance, when a payment for an invoice aligns with a downloaded income transaction, QuickBooks Online recommends it as the corresponding payment for that invoice. I'll show you how to quickly scan matched transactions and approve them using the QuickBooks Online app. Here's how:

1. Select Banking.
2. Choose a bank, and use the list icon to get a better view of all connected accounts.
3. Select New Transactions. This will bring up a list of suggested matches.

• If a match is correct, swipe right to accept it. If you want to see transaction details, select the transaction.
  • If there's just one match and it's correct, select Accept.
  • If there are multiple matches, choose the correct one, then select Accept.
  • If none are correct, search to find other possible matches. Choose the correct one, then select Accept.

In addition, check this article to combine multiple transactions into a single record so QuickBooks matches your real-life bank deposits: Record and make bank deposits in QuickBooks Online.

If you have any inquiries regarding deposits in the QBO App or require further assistance, feel free to reach out to me here. Wishing you a wonderful day!

Thank you for the helpful hint! I think this does seem to be easier in the app. But I still have the question of does it matter if they are matched? I don't mind doing it if it NEEDS to be done but what happens if you don't match them?

thank you 

I appreciate you coming back to the thread to add further details and clarification about matching transactions in QuickBooks Online, @titanuplawncaret. With this, I'll share information.

The transaction in QuickBooks Online (QBO) needs to match or sync with the transaction in your bank because it ensures accuracy and consistency in your financial records. If the transaction in QBO does not match the transaction in your bank, it could lead to discrepancies in your balances, inaccurate financial statements, and potential errors in tax filings. 

Moreover, reconciling your transactions can help you identify discrepancies or errors and correct them before they become larger problems. Additionally, matching your QBO transactions with your bank transactions can also improve your ability to track cash flow and make well-informed financial decisions for your business.

Additionally, once your transactions have been downloaded, you have to match and categorize them, and then reconcile your account so it always matches your monthly statements.

The Community is always available 24/7. Contact me if you need extra help with banking or QuickBooks in general. Your efforts are much appreciated. Stay safe, @titanuplawncaret!