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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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