When they don't match, it's an indication that you have a problem somewhere. Reconciliations should match - every month. #2: Make Sure that Your Bank Reconciliation is Perfect
Check your work on the original transaction to make sure that the final amount matches the amount in your bank feed. Often the reason a transaction doesn't match is because the actual amount is off. Select Find match, and work within the system to try to identify the transaction you already created.
This will open up a dialogue with options to Add, Find Match, or Transfer. If you do not see an automatic match for a transaction that you have already entered, check the following:Īssist QuickBooks in finding the match. QuickBooks will try to do this automatically for you, and most times, the system will get it right. If you have manually entered a transaction ahead of time (ie: Entering a credit card charge at the time of purchase and before it has posted to your account), then it is important that you match that transaction to records that show up in your bank feeds. #1: Don't Make the Mistake of Adding instead of Matching Lessening data entry decreases the chance for mistakes and increases the security of an accounting system as a whole.Īn overview can be found at the bottom of this article, but here are a couple of pointers: Using QuickBooks' "Banking" screen can significantly decrease the amount of data entry for an association's accounting team.
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