Question: Question 9 QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions. How does it do it? It can identify

Question 9

QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions.

How does it do it?

  • 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
  • It will automatically record bank fees and interest earned

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