Unreconciled transactions

NOTE:
Unreconciled Transactions refers to clients integrated with QBO. For our Xero equivalent, see Bank Reconciliation.

QBO does not provide bank statement data for us to check, so all Unreconciled Transactions are from the ledger side (outstanding Payments and Outstanding Deposits). This is in contrast to our Xero integration which works from the bank statement data.

The number of outstanding payments and deposits and the age of the latest reconciled bank transaction will affect the client HealthScore.

Unreconciled Transaction Insights 

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The Unreconciled Transactions insight displays a summary of the outstanding payments and deposits for the client, and the dates of the last reconciled transaction detected in Precision as well as the oldest unreconciled transaction.

Depending on the configuration settings chosen for the client, this count will consider ‘cleared’ transactions in QBO as ‘reconciled’.

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Precision will provide cards for each bank account identified in QBO (including credit cards). Clicking on the bank account card will show a graph of the bank balance over time, and below that, transactional detail for each of the outstanding payments and deposits.

NOTE:

The Unreconciled Transactions check currently does not include unreconciled transactions that sit outside of a bank account. This feature is in development and planned for a future release.