One major benefit of using the Bank Feeds feature in QuickBooks Online is that as you...
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
Homework Answers
Solution:
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.
Hence last option is correct.
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