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Umar1993
June 9, 2022
Question

Bank Reconciliation - Matching Issues

  • June 9, 2022
  • 1 reply
  • 0 views

I have been performing bank reconciliations by downloading the bank feed and importing the file into QB. Some transactions get matched automatically but all of the wire payments, bank fees and e-transfers don't. I have to manually enter the same transactions every month so QB can match them. After matching all the transactions I reconcile the bank. However, when it's time to do the bank rec in the next month all the transactions that were previously matched show as unmatched. My questions are:

 

1) Does anyone know why those transactions that were previously matched show as unmatched when I do the bank rec in the next month?

2) Is there a way that QB can recognize e-transfers and bank fees that are the same amounts every month rather than me entering them manually every time?

1 reply

R
rvrfrf
June 9, 2022

Thanks for joining the Community, Umar1993.

 

To verify my understanding, are you seeing a lightning bolt icon in the CLR column for these transactions? If so, this means they're already matched and won't be able to be matched again. This is because there are occasions when QuickBooks downloads duplicate statements or transactions.

 

When it comes to matching, unrecognized transactions are ones that don't get matched to any records or rules in your books. When this occurs, you can access the Unrecognized tab and choose a transaction to update its details. This enables it to be matched properly.

 

I've also included a detailed resource about matching transactions which may come in handy moving forward: Add & match Bank Feed transactions

 

I'll be looking forward to hearing back from you if there's any additional questions or information to provide. Have a great day!

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