QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions.
How does it do this?
It can identify transactions that were posted to the wrong account
It can identify transactions where the posting date was manually entered and has a clearing date that differs from the bank data
It will recognize if transactions have been excluded erroneously from bank feeds (Maybe this)
It will automatically record bank fees and interest earned
Quick Books Online uses smart learning in its reconciliation tool to help find any rogue transactions by recognizing if transactions have been excluded erroneously from bank feeds.
Because bank feeds includes all transactions of bank account. So, it includes checking all discrepancies, whether it is posting date or transaction posting to wrong account, bank fees or interest earned.
Therefore, the correct answer is option 3rd.
The answer is two, this feature is available within the reconcilliation as an alert.
The answer is two, this feature is available within the reconcilliation as an alert.
QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions.