Wednesday, February 21, 2024

How to reconcile in QuickBooks online app?

This guide helps you reconcile bank transactions(Expenses) in QuickBooks Online mobile app from your phone. 'Expenses' are the cost and money spent in managing your business. There are two steps:

1. Categorize Transaction

2. Attach Receipt

If you are using QuickBooks website:

Learn more: How to reconcile in QuickBooks website

If you are using QuickBooks mobile app:

Step 1: Categorize Transaction

1. Go to Menu -> All -> Transactions

2. Click 'Categorize xx transactions'

3. Select an expense under 'FOR REVIEW' to start. We use a Home Depot expense as an example.

4. Select a category for this expense. In the example we selected 'Supplies & Materials’ for the Home Depot expense. Then click 'Accept’ to finish categorizing this transaction.

Step 2: Attach Receipt

5. Click ‘Categorized’ and click the transaction you just reviewed.

6. Click Add notes or Attachments -> Add existing note

7. You should see a list of receipts uploaded from your Receipt-AI account. Receipt-AI renames receipts automatically to help you quickly find the receipt you need.

Click on the receipt and then click ‘Attach’

You are all set. We recommend finish categorizing all your transactions before you start matching any receipts. Use Receipt-AI to help you quickly gather and rename receipts using Email and SMS, whether they're from your teams, physical copies, or from emails. Simply take a picture and text.

How to reconcile in Xero?

https://receipt-ai.com/articles/how-to-reconcile-in-xero

What does reconcile mean?

https://receipt-ai.com/articles/reconcile-definition