In: Accounting
One major benefit of using the Bank Feeds feature in QuickBooks Online is that as you _________________ or __________________ transactions in QuickBooks Online from the downloaded transactions from the bank, they are marked ___________________. This makes the end-of-period bank reconciliation more efficient.
Fill in the missing words in this statement.
record, delete, reconciled
match, exclude, cleared
match, add, cleared
exclude, add, reconciled
Answer d) exclude, add, reconciled
One major benefit of using the Bank Feeds feature in QuickBooks
Online is that as you exclude or
add transactions in QuickBooks Online from the
downloaded transactions from the bank, they are marked
reconciled. This makes the end-of-period bank
reconciliation more efficient.