The feature of “Manual Upload of Bank statement” in Reckon is useful and a time saver
I did not knew that manual upload of Bank Statement in Reckon is actually possible until my book-keeper advised me to try it. I first opened my “Bank website”, downloaded my Bank Statement onto my local PC in a “QIF file” format (not PDF file document that I was doing earlier) and uploaded the QIF file (.QIF) into Reckon Enterprise and guess what my bank transactions began showing up in reckon. In “manual upload method” firstly there is no time limit attached as to when you want to reconcile after you have uploaded “QIF file” Bank Statement in reckon, as compared to “Direct Bank Data Feed” in which you must reconcile all imported transactions then and there, else you end up losing all your un-reconciled transactions (if you exit from reckon for some reason without reconciling all of them). This feature worked well with my Reckon Hosted too. This feature gave me the ease of working at my own pace saving me loads of time.