Every RBC line, accounted for.
Card deposits, e-Transfers, cheques and pre-authorized debits, each matched to what is behind it.
What comes in from RBC
- Statement lines
Date, amount and RBC’s description, from each CAD and USD account you hold.
- Deposits
Card settlements, e-Transfers, EFTs from customers and cheques, mobile or at the branch.
- Pre-authorized debits
Suppliers, loans, payroll and the CRA, each leaving under its own short description.
Why it won’t match on its own
Cheques arrive in bundles
Several cheques deposited together show as one line, with no payer on it.
Descriptions are short
An EFT reads “MISC PAYMENT” and a company name cut off, so the invoice it pays isn’t on it.
Money moves between accounts
Transfers from the USD account to the CAD one appear twice, in two currencies.
One rule, in plain words
Match cheques in QuickBooks to the RBC deposit when a day’s cheques add up to it.
sum of cheques = deposit, same day512 matched
A bundle that comes up short keeps its difference on the match, so a cheque that bounced or was never deposited is easy to find.
What Numerics works out
Numerics sizes what the matching left open on the statement, so month end starts with a short list, not a long one.
You go run your business.
Bring a month of RBC records to the call. You’ll see them matched before it ends.