Managing transactions in the bank feed of Quickbooks

Categorizing transactions

The automated bank feed feature integrated within QuickBooks Online facilitates the seamless importation of transactions from linked accounts into the Banking center, thereby providing an efficient time-saving mechanism for clients. Nonetheless, clients are still required to meticulously scrutinize and categorize these transactions manually.

Overview of the Banking tab

The section designated as "Banking" within the Banking center serves as a repository for all data pertaining to bank feeds that have been established by your clientele. At this juncture, clients are able to inspect and authorize transactions, as well as view all categorized or excluded transactions.

Accepting matches in the bank feed

1. Go to the Banking tab in the Banking center
2. Select the For review tab to see the transactions that have not been categorized yet
3. To accept matches that QuickBooks Online has identified, select Match in the Action column
4. Select the Categorized tab to see that it’s been matched
   
   Note that there’s an option here to unmatch the transaction if necessary. To see details of a specific payment, select the link under the Added Or Matched column
5. To review more transactions, return to the For review tab
6. When QuickBooks Online finds multiple potential matches for an entry, it flags them up. Select View from the Action column
7. Review the suggested matches, including the date, the amount, and the description, and choose the right matching record, then select Match
8. It’s also possible to accept transactions in batches. To do this, select the All transactions dropdown then select Recognized to filter transactions that have matches
9. Check the boxes next to the transactions to accept
10. Then, from the bar, select Accept