Undo Reconciliation was limited to accountant users — so a Primary Admin on QuickBooks who made a mistake reconciling their own books was stuck waiting on their accountant, or resorting to creating a QuickBooks Online Accountant account just to work around it.

This update opens Undo Reconciliation to Primary Admins, with guardrails that match the weight of the action.

— a mistaken reconciliation no longer means waiting on outside help or spinning up a QBOA account as a workaround. The undo is right there in the reconciliation history, for the person who did the reconciling.

— undoing a reconciliation affects the beginning balance and every reconciled transaction in the period, so every user confirms an explicit acknowledgment of the consequences before anything is unwound.

— when a business has an accountant attached, the flow prompts them to check in with you before undoing.

This is now generally available.

When a reconciled account's beginning balance breaks, the Discrepancy Report is supposed to tell you why. In practice, it often didn't — the old report was vague about what actually changed, missed whole categories of changes, and left you digging through the audit log to reconstruct what happened before you could even start fixing it.

This update rebuilds the report so every discrepancy tells you who changed what, when — and gives you a suggested fix you can act on without leaving the report.

— each modified or deleted transaction now shows who made the change, what the change was, and when it happened, so you're diagnosing from facts instead of reverse-engineering the audit log.

— including cases the old report missed entirely, like voided transactions, unposted bank feed transactions, account moves in the chart of accounts, and changes to splits. If it can knock a beginning balance out, it now shows up with an explanation.

— every discrepancy comes with a clear, prescriptive suggested resolution for that specific error case, right in the Review tray. You stay in control of the books; if the change was a mistake, the right next step is already laid out.

a Review tray lets you correct the transaction in place, so resolving a discrepancy no longer means bouncing between the report, the register, and the audit log.

This is rolling out now and will reach everyone over the coming days. Give it a try the next time a beginning balance doesn't match, and let us know what you think through your comments.

If you track departments, locations, or jobs, you already know the gap: QuickBooks could predict the category on a bank transaction, but Class and Location still came in blank. That left you filling those fields by hand — transaction after transaction — whenever your reports depended on them.

This update predicts Class and Location from your own coding history — the same way we already recall categories from similar transactions — and only recommends when that history is consistent enough to trust.

— we look across up to 24 months of similar historical transactions and suggest the Class and Location you use on those patterns, so recommendations arrive closer to post-ready instead of half-filled. Class only shows as a strong suggestion when past coding is highly consistent; Location is held to an even tighter bar and a vendor-identity check. A wrong Class on a P&L-by-class report is worse than an empty field, so we leave it blank when the signal isn't there. — categorization no longer stops at the account. When the pattern is clear, Class and Location can come along too.

This is now generally available. Give it a try in the QuickBooks bank feed and let us know what you think through your comments.

Transfers should be the easy ones — money left one account and landed in another. In practice, matching often broke when more than one same-amount transfer sat in the feed. The old logic worked when exactly one pair existed; multiple cash moves, operating sweeps, or credit-card payments at the same amount meant missed matches… or a bank transfer paired to the wrong bill just because the dollars lined up.

This update shows every viable transfer pair in a ±7-day window — across bank-to-bank and credit card — and lets you pick the right one.

Surfaces all candidate pairs, not just one — when several same-amount transfers sit close together in date, you see the options and choose the correct account-to-account pair instead of getting no suggestion or a single forced guess. Covers the transfer types that break recon — bank-to-bank and credit-card transfers in that short window are included, so cash moves between accounts, operating sweeps, and card payments can reconcile cleanly. Closes a loud source of misses and wrong matches — same-amount transfers were a top matching pain point: a clear "Online Transfer to CHK…" getting matched to an unrelated bill for the same amount. Multiple suggestions cut both the miss and the mis-pair.

This is now generally available. Give it a try in the QuickBooks bank feed and let us know what you think through your comments.

Not every suggested match deserves the same click. Until now, a sure-thing bill payment and an ambiguous same-amount guess looked identical in the bank feed — no signal for which ones you could trust at a glance, so every suggestion felt like the same level of risk.

This update scores every suggested match and shows that confidence as a badge you already know from categorization: green when the evidence is strong, blue when you should take a closer look. Weaker suggestions stay out of the inline feed so your review list focuses on what actually needs judgment.

— exact amount, payee alignment, whether there's a single clear candidate, how close the dates are, how often you've accepted this pattern before, and whether the money-in or money-out type fits. The score is clear and explainable — green means strong evidence on the books, not a black-box guess. — green is high confidence (you can accept with less second-guessing); blue is medium confidence, where something is still ambiguous — a new payee, multiple candidates, or thinner history. Low-confidence noise drops out of the inline experience so it doesn't compete with the work that matters.

— the highest-confidence band is what can graduate to auto-post over time when those matches are consistently accepted, with every auto-post one-click reversible. Newer books stay conservative on purpose: without history, even a clean match rarely shows green until the pattern is proven.

This is now generally available. Give it a try in the QuickBooks bank feed and let us know what you think through your comments.

As part of the new bank feed, we released improved AI-powered categorization that is significantly more accurate than the categorization in the old version. We also released AI-powered explanations that tell you why the AI suggested what it did.

However, we've heard feedback from some of you that you'd rather not have that explanation taking up space when you click into a bank transaction to categorize and post it. So we've added a new toggle that allows you to hide the explanations. Hiding the explanations won't stop QuickBooks from continuing to make category suggestions on transactions when it is confident, but you'll no longer see the explanation taking up space.

Hiding the explanation once will hide it for all transactions, but of course you can turn the explanation on and off whenever you'd like.

Give it a try and let us know if you have any feedback!

Until now, QuickBooks only predicted the From/To field on money-out transactions. Every deposit, customer payment, and refund came into the bank feed with a blank payee — so you had to fill it in by hand, transaction after transaction. That manual entry is where duplicate customers and vendors creep in, reports drift, and the "done-for-you" promise breaks down.

This update brings AI predictions to the From/To field on money-in transactions, so deposits arrive with the right payee already suggested.

— money-in now matches to the actual customers and vendors already in your lists and fills the From/To field for you, the same way money-out transactions already do, so you're reviewing a real match instead of typing from scratch.

— money-in runs a dual lookup across both your customer and vendor lists, so a payment from a client resolves to the customer, and a refund from a supplier resolves to the right vendor — roughly 1 in 4 money-in transactions.

— by matching to payees that already exist in the books, the prediction helps you avoid creating duplicate customers and vendors and keeps your reporting clean.

This is now GA to 100% of accountants. Give it a try in the QuickBooks bank feed and let us know what you think in Bank Feed through your comments.

Managing rules across your clients' books gets harder as the list grows. This update lets you control the order rules run in, makes it easier to find the ones that need attention, and tells you exactly what went wrong when a rule breaks.

Set a , with a live preview showing exactly which rules will sit above and below the position you choose.

so you can spot what needs attention at a glance — and search is now easier to reach.

See , instead of guessing why it stopped working.

— it's no longer buried below the fold — and all condition fields ( now show by default.

Keep your , so you never lose your spot while working through a batch.

Give it a try and let us know if you have any feedback in Bank Feed through your comments

Classic Reports is sunsetting June 15. Here's how to prepare.

We're hosting two webinars with Hector Garcia, CPA, and Intuit's Reports product team. Hector will walk through top workflow scenarios, address common questions, and show you how to navigate the new reporting experience without slowing down your firm. Both will be recorded and shared with registered attendees.

Webinar 1: Friday, May 29, 2026 Replay on YouTube

Webinar 2: Wednesday, June 10, 2026 Replay on YouTube

Resources:

Modern Reports transition FAQs

As you continue to have feedback, post it on the Modern Reports board

We want to share an important update regarding the sunset timeline for Classic Reports. After carefully listening to your feedback, we have decided to extend the sunset date for Classic Standard Reports from May 22 to We're committed to ensuring you have ample time to explore, experience, and feel fully confident in the new Modern Reports before making the switch.

We will continue to resolve issues you raise, and the vast majority of fixes are already in place with a few more releasing next week. We also want to give you enough time to see these improvements firsthand and transition at a pace that feels comfortable.

You can now expand and collapse sub-accounts directly within financial reports such as Profit & Loss and Balance Sheet.

Reports can now be exported with formulas intact, giving you greater flexibility for downstream analysis.

Cells with no data now display as blank instead of m-dashes, with a configurable option to switch between the two based on your preference.

Any customizations you apply — such as date filters, display settings, or added columns — are now retained even after a browser refresh.

Sorting now works accurately on detailed and grouped reports, correctly ordering both group headers and the line items within each group.

The company name now appears at the top of the report by default, consistent with how it was displayed in Classic view.

Detailed reports such as General Ledger now automatically hide accounts with no activity, keeping your reports clean and focused on relevant data.

Account labels and column values are displayed in full with no truncation, alongside simplified headers that mirror the Classic view.

Apply all customizations at once and refresh the report a single time instead of after every individual change.

Data discrepancies affecting a subset of companies are being resolved on priority before Classic sunset.

Several minor fixes to ensure a smooth transition from Classic to Modern Reports.

For , we are taking a phased approach starting June 2026, your custom reports will begin opening in Modern view automatically, but you will retain the option to switch back to Classic for about a month before that option is fully retired.

We are with you every step of this journey and remain committed to making Modern Reports the best experience possible.

Warm regards,

The QuickBooks Reports Team