All 6 QuickBooks & Xero Basics questions
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Accounting Software & Systems › QuickBooks & Xero Basics

What are bank feeds and bank rules?

Intermediate

Answer

Bank feeds import transactions automatically from the bank; bank rules auto-code recurring transactions to the right account so you just review and confirm.
Rule: payee 'AWS' -> code to 6100 Software Expense
Real-world example Rules turn hundreds of card transactions into a quick daily review.
All 6 QuickBooks & Xero Basics questions