Quickbooks Support

Call QuickBooks Customer Care and know how to add and match transactions using Classic Mode

In this article you will learn how to add and match transactions in QuickBooks desktop using classic mode. To know more, contact QuickBooks customer care.

Usually there are two Bank Feeds modes in QuickBooks Desktop. By each mode transactions are displayed and handled in the Bank Feeds differently.

Read the article further to learn more on how to switch between banking modes in QuickBooks Desktop.

Adding and matching bank feeds using Express Mode.

Follow the steps given below to add and match bank feeds using Classic Mode. 

You need to match the transactions of the downloaded electronic bank statements with QuickBooks transaction. You can tell which ones haven’t cleared the bank yet and which ones your financial institution has processed that way. Read further to know how.

Step 1: Getting you transaction downloaded. 

  • In the Banking menu, select Bank Feeds.
  • Select Bank Feeds Center.
  • Now, Open the Match Transactions window and make sure the correct bank account is showing from the Financial Institution dropdown.
  • Click on View.
  • You should download and then view the electronic statement.
  • Make sure the Show Register checkbox is selected from the Match Transactions window.
  • You’ll see the results when QuickBooks finishes matching your transactions. To close the window, click on OK.
  • For each statement QuickBooks has assigned, review the status and then decide what to do.

Step 2: Matching the downloaded transactions: The transactions you’ve entered in QuickBooks matches the transaction in the electronic statement.

  • There’s nothing you need to do if you agree with the match.
  • Unmatch the transactions if you don’t agree with the match.

What are Unmatched transactions?

  •  In the account for QuickBooks, the transaction in the electronic statement doesn’t match any transaction. This can happen because of a few reasons:
  • The transaction is still not entered in QuickBooks. You’ll need to add the transaction to QuickBooks if this is the case.
  • The transaction has been entered in QuickBooks, but there are chances of a typo or of being entered into the wrong account.
  • Correct the transaction in QuickBooks if this happens so that it matches the one in the electronic statement.
  • Create an alias for the name in the electronic statement to a name in QuickBooks if they don’t match because of the payee.
  • Also, you can match the transaction manually.
  • The financial institution made a mistake and the transaction in the statement is wrong.
  • The statement is deleted from the Items Received section of the Bank Feeds Center when all the transactions in the electronic statement have been matched or added to QuickBooks.
  • Manually match transactions in electronic statements to ones in QuickBooks.

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With the transaction in QuickBooks, sometimes QuickBooks may not match a transaction in an electronic statement. You can manually match the two manually if this happens.

Follow the steps given below:

  • In the Banking menu, select Bank Feeds.
  • Now, click on Bank Feeds Center.
  • Open the Match Transactions window and make sure the correct bank account is showing, from the Financial Institution dropdown.
  • Click on View.
  • You need to download and review the electronic statement.
  • Make sure the Show Register checkbox is selected in the Match Transactions window.
  • Choose the transaction in the statement that you want to match to a transaction in the register.
  • Make sure that the transaction in the register to matches. Also make sure the amounts matches.

To know more on how to add and match transactions in QuickBooks desktop using classic mode, call on our QuickBooks customer care number. You can also write to us at support@quickbooksupport.net . For more information visit – www.quickbooksupport.net.

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