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Mastering QuickBooks 2024

You're reading from   Mastering QuickBooks 2024 Bookkeeping with US QuickBooks Online for small businesses

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Product type Paperback
Published in Dec 2023
Publisher Packt
ISBN-13 9781835469958
Length 570 pages
Edition 5th Edition
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Author (1):
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Crystalynn Shelton Crystalynn Shelton
Author Profile Icon Crystalynn Shelton
Crystalynn Shelton
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Table of Contents (27) Chapters Close

Preface 1. Section 1: Setting Up Your Company File
2. Getting Started with QuickBooks Online FREE CHAPTER 3. Company File Setup 4. Migrating to QuickBooks Online 5. Customizing QuickBooks for Your Business 6. Managing Customer, Vendor, and Products and Services Lists 7. Section 2: Recording Transactions in QuickBooks Online
8. Managing Sales Tax 9. Recording Sales Transactions in QuickBooks Online 10. Recording Expenses in QuickBooks Online 11. Reconciling Uploaded Bank and Credit Card Transactions 12. Section 3: Generating Reports in QuickBooks Online
13. Reports Center Overview 14. Business Overview and Cash Flow Reports 15. Customer Sales Reports in QuickBooks Online 16. Vendor and Expenses Reports 17. Section 4: Managing Employees and Contractors
18. Managing Employees and 1099 Contractors in QuickBooks Online 19. Section 5: Closing the Books and Handling Special Transactions
20. Closing the Books in QuickBooks Online 21. Handling Special Transactions in QuickBooks Online 22. QuickBooks Online Advanced 23. Shortcuts and Test Drive 24. Intuit QuickBooks Online Certified User Exam Objectives
25. Other Books You May Enjoy
26. Index

Matching transactions

In this section, we will cover a process called matching transactions. QuickBooks will automatically attempt to match transactions that have been uploaded into QuickBooks with transactions that have already been recorded in QuickBooks. This process can help you save the time you would normally have spent trying to match transactions manually. We will show you how this process works by going through examples.

In the For review tab, we can see that QuickBooks has attempted to match three transactions that were previously entered into QuickBooks:

Table  Description automatically generated

Figure 9.4: Banking transactions in the For review tab

The following is a brief explanation of the preceding three transactions for which QuickBooks has found a match:

  • Deposit for $868.15: QuickBooks has found a deposit in the file for $868.15 (dated 09/03/21), which matches a deposit the bank has uploaded to the Banking Center for $868.15. If these transactions are one and the same, simply click...
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