How to Handle Unmatched Transactions in QuickBooks Online Reconciliation

Learn the essentials of managing unmatched transactions during the reconciliation process in QuickBooks Online.
I'll guide you using a sample checking account, demonstrating effective strategies for handling transactions that don't appear on your bank statement but are present in QuickBooks.
What You'll Learn:
✅Strategies for reconciling when transactions are not reflected on your bank statement.
✅Understanding the carryover of transactions to the next reconciliation period in QuickBooks.
✅Techniques to ensure accuracy and continuity in your financial records.
Ideal for business owners, bookkeepers, and anyone using QuickBooks Online, this video will help you master reconciliation challenges and maintain impeccable financial records.
Discover how QuickBooks Online retains and presents unresolved transactions in subsequent months, ensuring that every transaction is accounted for correctly.
Join me to boost your confidence and expertise in financial management with QuickBooks Online.
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Timestamps
00:00 - Intro
00:30 - Example checking reconciliation
01:11 - Transaction not on the statement
03:06 - Ask yourself why the transaction is still there
03:54 - Outro
#quickbooksonline #reconciling
This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Gentle Frog, LLC does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Gentle Frog, LLC does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.

[@danscoadministration4177]

Hi, Mrs. Barnet . I have been watching your excellent videos and I have a question. I started learning QBO in 2022 and I made many mistakes as repeated transactions, etc. How can I get rid of the old transactions from 2022 that still show in the reconciliation page? Thank you in advance for all your help.

[@GentleFrog]

The taxes were filed with the IRS with these mistakes. The correction of this is very dependent on what happened so you can unwind it. I have three options, you can schedule a free consultation and we can discuss which option will work best: www.gentlefrog.com/meeting/ Option A: Training calls with me, it will likely take more than one depending on the situation. Option B: Our $399 clean up course will teach you how to fix old errors with QuickBooks. Option C: You grant me access, I take a look and write up a proposal for Meghan (my bookkeeper) and I to fix it for you.