About this episode
This podcast episode discusses the match tool in QuickBooks Online's banking feed feature. Hector and Alicia, explain how the match tool works, its benefits for saving time, and potential pitfalls when using it incorrectly. They delve into best practices for handling deposits, payments, and transfers, emphasizing the importance of maintaining accurate records for auditing purposes. The episode also covers recent updates to the feature, including paired transfers, and touches on how third-party apps like RightTool can enhance QuickBooks functionality. Sponsors Zoho Expense - https://uqb.promo/zohoexpense Melio - https://uqb.promo/melio Lendflow - https://uqb.promo/lendflow (00:00) - Welcome to the Unofficial Quickbooks Accountants Podcast (02:37) - Understanding the Banking Feeds (03:25) - The Love-Hate Relationship with Matching Bank Feeds (04:18) - How the Match Tool Works (05:39) - Advanced Matching Explained (07:04) - Handling Deposits and Payments (09:23) - Challenges with Matching and Reconciliation (20:43) - Date Ranges and Matching (27:13) - Resolve Differences Feature (33:15) - Paired Transfers and Their Benefits (41:10) - Final Thoughts and Upcoming Classes Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.com Links/Apps Mentioned in this episode: Alicia's article on QuickBooks Expert Assisted Bookkeeping - https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/ Hector's App - RightTool www.righttool.app Alicia's Training - RoyalWise http://royl.ws/uqapodcast Alicia’s QBO Products, Services, and Inventory Course - http://royl.ws/qbo-Inventory QuickBooks Connect Conference www.quickbooksconnect.com QuickBooks Tricky Situations: http://royl.ws/QBOtricks Next-Level Accounting: http://royl.ws/NextLevelAccounting Check out Alicia’s step-by-step QBO Textbooks at http://www.questivaconsultants.com The Comprehensive Guide to Converting from QuickBooks® Desktop (QBDT®) to QuickBooks® Online (QBO®) https://www.amazon.com/dp/B0D8L29Z5L QuickBooks Online: From Setup to Tax Time https://www.amazon.com/dp/B0CXZB1R95 Sign up to Earmark to earn free CPE for listening to this podcast https://www.earmark.app/onboarding Download the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728 Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app