Get started with bank reconciliation
Use Menu > Banking > Cash management > Bank & credit card reconciliation to compare imported bank and credit-card activity with transactions recorded in QuickStart. Rules can reconcile activity automatically or suggest a match or category, while unresolved items remain on To reconcile for matching, categorization, transaction creation, or credit-card payment recording.
Open Menu, select Banking, select Cash management, and then select Bank & credit card reconciliation. Select a bank or credit card account from the account selector.
The page contains the following tabs:
- To reconcile contains imported transactions that still require an action.
- Reconciled contains transactions that were matched, categorized, or otherwise reconciled.
- Excluded contains imported transactions removed from reconciliation. You can restore them when needed.
For a bank account, the balance panel compares the current bank balance with the amount reconciled in QuickStart and shows the remaining difference. Reconciliation is complete when all required transactions are handled and the difference is zero.
QuickStart applies reconciliation rules after an automatic or file import. Transactions that cannot be handled automatically remain on the To reconcile tab. Depending on the account and transaction, you can match an existing transaction, create a transaction, categorize the imported transaction, or record a credit card payment.
If an incoming bank transaction is a customer’s payment for an invoice, create the invoice before you try to match the payment. The invoice must be eligible for payment; a draft invoice is not available to match. Create in the reconciliation drawer does not create an invoice. After the invoice is open, return to To reconcile and match the imported payment.
Suggested categories can identify why the category was suggested. A suggestion created by a reconciliation rule can identify the rule that produced it. Review every suggestion before confirming it.
Draft expenses do not post and are not available for reconciliation.
You need the Administrator or Full business access profile.