Cheque reconciliation for QuickBooks Online in Canada

Why cheques still slow down Canadian month-end

Cheques remain common in Canada for rent, contractors, payroll advances and supplier payments. The bank feed shows that a cheque cleared, but not who it was written to, so matching the statement against QuickBooks Online is still done cheque by cheque in many firms.

How Kyriq reconciles cheques

1. Upload the bank statement PDF you download from your bank. Kyriq finds the cheque images and reads the cheque number, date, payee and amount, including handwritten cheques.
2. Kyriq compares each cheque with the QuickBooks Online register you choose and scores the match.
3. Exact matches are grouped for approval in one action. Possible duplicates and discrepancies go to Needs Attention.
4. Once an authorised user approves, Kyriq clears the cheques in the QuickBooks Online reconciliation and records the decision.

What Canadian firms should know

• Kyriq works with QuickBooks Online. QuickBooks Desktop is not supported.
• Plans are priced and billed in US dollars.
• Every plan includes unlimited QuickBooks Online companies and users, so one subscription covers your whole client list.
• The trial covers 14 days or 250 cheques, whichever comes first, with no credit card required.

Stale-dated and outstanding cheques

Canadian banks generally treat a cheque as stale-dated after six months. Kyriq keeps every processed cheque visible, so cheques that never matched a statement line are easy to find and follow up before they go stale.