Hi jrm2atl,
I wanted to give you a little detailed break down of how bank feeds and reconciliation in Quickbooks Online works to see if it might enlighten you.
We use bank feeds to connect to your bank or financial institution where the primary goal is bringing in your banking transactions.
The next steps would be to either ADD or MATCH each transaction that comes through the bank feed.
This step is NOT reconciliation, when we ADD - we are confirming that the transaction is true and adding it to the rest of our transactions in the bank feed.
When we MATCH, we are saying (for example) - this money that has come through belongs to an open invoice that we already have in Quickbooks, so the system will automatically create the Receive Transaction and link it with the invoice.
Reconciliation is the very last step where we go through each transaction one by one, checking them against our bank statement to verify everything matches and balances correctly.
I am simply explaining how the system works in terms of bank feeds and reconciliation.
If you think it could be done better, I encourage you to leave some feedback in-product by going to Settings > Feedback.
Kristian,
