The Transaction Review feature helps you quickly identify and resolve issues in your client’s QuickBooks Online data as part of Month End Close. It automatically flags transactions that need attention—such as uncategorized expenses, missing payees, inconsistencies, or unusually large amounts—so you can review, fix, and sync updates without leaving Financial Cents.
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Available Transaction Review Reports
During a review cycle, you'll have access to the following reports:
Uncategorized Transactions - Identifies uncategorized transactions that need to be reviewed and assigned
Transactions without Payees - Lists transactions missing a recorded payee
Transactions without Class -Finds entries missing class/department tracking
Transactions without Location - Finds entries missing location tracking
Expenses and Bills without Attachments - Detects records lacking supporting documentation
Inconsistent Expenses - Flags expense categories that don't align with typical patterns
Large Transactions - Surfaces high-value transactions that may need extra scrutiny
These help you prioritize and triage which items demand manual attention and client follow-up first.
If you have not connected your client for the Month End Close feature, please review our Month End Close Overview article.
Settings available in all reports
Each transaction report has its own configuration settings. To access these:
Go to your client's profile and click on the Month End Close tab.
Click into each Transaction Review report.
Uncategorized Transactions report will allow you to select which Accounts to review, exclude transactions by specific vendor, description, type, or account, and settings for automatically share transactions with your clients.
Transactions without Payees report will allow you to exclude transactions by specific vendor, description, type, or account.
Transactions without Class - report will allow you to exclude transactions by specific vendor, description, type, or account.
Transactions without Location - report will allow you to exclude transactions by specific vendor, description, type, or account.
Expenses and Bills without Attachments - report will allow you to exclude transactions by specific vendor, description, type, or account.
Inconsistent Expenses report will allow you to set up flags for inconsistent expenses by selecting categories or descriptions, and allows you to choose a historical transaction time frame for analysis.
Large Transactions report allows you to set criteria for high-value transactions (greater than or equal to, less than or equal to), and exclude transactions by vendor, description, type, or account.
Use the configuration settings at the top of the report
Set thresholds such as "flag all transactions over $X" or exclude specific accounts or vendors
Changes made to one report will automatically save to all other reports
⚠️Please note: The reports available in your Month End Close section depend on which report types you have enabled in your settings. If you toggle off specific report types (like "Transactions without Class"), they won't appear when you add the Month End Close section to projects.
Add All Month-End Reports to a Project (Quick Add)
You can quickly add a complete Month-End Close section along with all enabled reports into any client project.
Navigate to the client project where you want to add the reports.
Confirm the Accounting Period is set correctly for the month you're reviewing.
Click + Team Tasks at the top of the project.
Select Month End Close Section from the dropdown.
A new section named Month End Close will appear in your project, with all enabled reports automatically added as individual tasks
Note: The system will auto-populate the accounting period from your project settings if available.
Add Month End Close Reports to Any Task
You can embed month end review reports into any task within your workflow projects. You don't need to be in a specific "Transaction Review" section.
Click on any existing task (or create a new one)
Click the task to open task options
Scroll down to the Month-End Close section within the task
Click + Add Report
Select the desired report from the dropdown list
Choose the appropriate accounting period (this should auto-populate if set at the project level)
Click Apply to attach the report to the task
⚠️ Please Note: Confirm the selected accounting period matches the month you're closing before adding reports.
Available Actions in Transaction Review Reports
Approve Transactions: Mark items as approved or requiring attention.
Customize Columns: Adjust report views to show the data most relevant to your. review
Filter and Sort: Use exception categories to focus on specific issue types.
View Approved List: See all transactions you've already approved and undo actions if needed.
Client Communication:
Send Questions to Client: Ask for clarification directly from the Notes Memo section.
Share to Portal: Transactions shared to the client portal (note: this won't trigger immediate email notifications unless you select "Send Now" - otherwise follows your established reminder settings)
Track Responses: Client responses appear back in the same workspace
Transaction Management:
Make Edits: Correct categories, add classes or locations, attach missing documents
Batch Updates: Apply changes to multiple transactions simultaneously by checking off all relevant transactions and clicking Bulk Update
Push Changes: Send approved corrections back to QuickBooks Online in batch
Two-Way Sync: Changes made directly in QBO are reflected in Financial Cents