Reconcile with uploaded bank data

I am successfully uploading banking data (I will work on setting up Web Connect but for now I'm uploading CSV.) The bank account has 1,000 to 1,500 checks per month. My data is not matching on Check Number and Amount so I end up having to manually work too many of the transactions (I would estimate 2/3 are not matching.) Is there a way to improve the match rate?

Answer

Hi there ldurbin,

When you download transactions, QuickBooks will first match those with the unreconciled ones based on the same check number, amount, dates or close to the date.

If QB didn’t find a match, it will place those transactions under Changed By Rules if there was a rule set up for that description. And if there's no rule setup, QB will place those transactions under Needs Your Review.

In your case, I suggest you import your transactions in batch so you can check which specific data your rates don’t match.

Before you import make sure that you’re running balance is the same with your statement.

Then, check how many numbers of transactions were uploaded and how many numbers of transactions are in the statement.

If there’s a discrepancy check your statement and look for the transaction to match it.

This should keep you going. However, if you need further assistance please drop a comment below. I'll be here to help.

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IntuitGlenn , Community Support Specialist
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