Matching Bank Transactions

Unofficial QuickBooks Accountants Podcast

This podcast episode discusses the match tool in QuickBooks Online's banking feed feature. Hector and Alicia, explain how the match tool works, its benefits for saving time, and potential pitfalls when using it incorrectly. They delve into best practices for handling deposits, payments, and transfers, emphasizing the importance of maintaining accurate records for auditing purposes. The episode also covers recent updates to the feature, including paired transfers, and touches on how third-party apps like RightTool can enhance QuickBooks functionality.

Sponsors
Zoho Expense - https://uqb.promo/zohoexpense
Melio - https://uqb.promo/melio
Lendflow - https://uqb.promo/lendflow

• (00:00) - Welcome to the Unofficial Quickbooks Accountants Podcast
• (02:37) - Understanding the Banking Feeds
• (03:25) - The Love-Hate Relationship with Matching Bank Feeds
• (04:18) - How the Match Tool Works
• (05:39) - Advanced Matching Explained
• (07:04) - Handling Deposits and Payments
• (09:23) - Challenges with Matching and Reconciliation
• (20:43) - Date Ranges and Matching
• (27:13) - Resolve Differences Feature
• (33:15) - Paired Transfers and Their Benefits
• (41:10) - Final Thoughts and Upcoming Classes

Send your Questions/Comments (we could read/answer them on air) [e-mail]

Links/Apps Mentioned in this episode:

• Alicia's article on QuickBooks Expert Assisted Bookkeeping - https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/
• Hector's App - RightTool www.righttool.app
• Alicia's Training - RoyalWise http://royl.ws/uqapodcast
• Alicia’s QBO Products, Services, and Inventory Course - http://royl.ws/qbo-Inventory
• QuickBooks Connect Conference www.quickbooksconnect.com
• QuickBooks Tricky Situations: http://royl.ws/QBOtricks
• Next-Level Accounting: http://royl.ws/NextLevelAccounting
• Check out Alicia’s step-by-step QBO Textbooks at http://www.questivaconsultants.com
• The Comprehensive Guide to Converting from QuickBooks® Desktop (QBDT®) to QuickBooks® Online (QBO®) https://www.amazon.com/dp/B0D8L29Z5L
• QuickBooks Online: From Setup to Tax Time https://www.amazon.com/dp/B0CXZB1R95

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