I migrated all information from desktop to QBO, but had to 'add' all transactions anyway.
Now all checks from last year are in the uncategorized account, but the bills attached to them are categorized. There has to be an easy way to connect them. Help!
Let me help clarify things you need to know in adding and matching transactions in QuickBooks Online (QBO).
To add or easily categorize transactions depends on the given situation. In your case, if you have imported bills in QBO, then you can either match the bank feed transactions to categorize or exclude them. Otherwise, you'll have to click the Add button so they'll get recorded as a payment in the bank register.
I'm adding this article for the steps and insights: Categorize and match online bank transactions in QuickBooks Online. This contains screenshots and videos that will guide you to the processes.
Once all the bank feed entries are good to go, you can refer to this article: Reconcile an account in QuickBooks Online. It also includes a link on how to unreconcile transactions if you need to alter previous reconciliations.
As always, please place a comment if you have additional questions about managing bank feeds. I'm always here to help you out. Stay safe and well!
Thanks for reaching out. I think I have to go back and reconcile checking account from 1/1/21. I've gone through the QB video - but wondering if I can reconcile each month, putting in a beginning and ending balance?
I appreciate you for getting back, @Love11. I'm here to share with you some insights about redoing past reconciliations in QuickBooks Online (QBO).
Once you decide to undo your reconciliations, yes, you can do it each month, and enter the beginning and ending balance as usual. To edit each transaction manually to undo the reconciliation, follow these steps:
You can open these articles for additional resources:
If you have any other questions about your banking transactions or reconciliations, let me know by adding a comment below. I'm always here to help. Have a good one!
I'm starting the reconciliation with Jan 2021. Have updated all entries, but still don't know where to put in the beginning and ending balance to start reconciling that month. Maybe I have to reverse my process and start with reconciling Jan 2022, then Dec. 2021, Nov 2021, etc.?
Also have a problem with a deposit that is shown as a 'transfer'. There were 2 entries for the deposit: 1 that was downloaded from the bank (that showed as 'transfer'), and 1 that was not downloaded but had the correct deposit information. Tried fixing by deleting the un-downloaded deposit hoping that it would bring those invoices back as active. No deal. - thanks for your help.
Thanks for sharing the details of your concern with us, Love.
When switching from QuickBooks Desktop (QBDT) to QuickBooks Online (QBO), some information may differ in your books.
Thus, they'll be slight changes in your data. For the complete details about this, you can refer to this article: Learn how features and data move from QuickBooks Desktop to QuickBooks online.
With regards to reconciling and handling your deposit, I recommend working with your accountant. They'll be able to advise you on what's the best action to take in resolving the issue. This way, we can ensure your accounts are well accounted for.
Also, you'll want to run both financial reports in your QBDT and QBO to check if the data was transferred successfully. When everything is in place, you can check out these links for guidance in knowing your ways around QBO:
You can always count on me if you have any other questions about moving your data to QBO. Keep safe and have a great week ahead!