General Ledger’s Import Bank Transactions feature uses financial files in multiple formats (.OFX, .QBO, or .QFX) to help clear your bank transactions. This allows you to match up journal entries that are already in the system against the ones in the file.
To import bank transactions
To match imported transactions to journal entries
When you start your reconciliation, all cleared entries will be selected, cutting down the amount of time that the reconciliation takes.