Which statements are true about bank-to-bank transfer matching?

The statement that bank-to-bank transfer matching works for both bank and credit card accounts is accurate because this feature is designed to accommodate a wide range of financial transactions in accounting software. When you perform a bank-to-bank transfer, the system can facilitate matching not only between bank accounts but also credit card transactions that may be affiliated with bank transfers.

This capability is essential for maintaining accurate records and ensuring that all transactions are properly accounted for across different types of accounts. Recognizing transfers beyond just bank accounts allows users to have a comprehensive view of their financial activities and enhances the utility and effectiveness of the accounting process.

The other statements do not hold true; for instance, the statement indicating it only works with bank accounts limits the feature's functionality. Additionally, ignoring transaction amounts is incorrect as matching typically considers these amounts to ensure accuracy. Lastly, the claim that it automatically adds unmatched transactions is misleading; while it may highlight transactions that require attention, it does not automatically add them without user intervention, ensuring consistency and accuracy in accounting practices.