From the course: QuickBooks Pro 2020 Essential Training
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Reconcile online transactions - QuickBooks Pro Tutorial
From the course: QuickBooks Pro 2020 Essential Training
Reconcile online transactions
- [Instructor] Now that we've downloaded our transactions into QuickBooks, it's time to match them up against the checking account. Maybe there's transactions that you've done in your physical bank that you haven't yet put into QuickBooks. This is a great way to do expense reimbursement. Maybe you've been using your debit or credit card to buy lunch on the road, while you're on the job. Those statements are downloaded into QuickBooks, and now we can tag those under meals and travel expense. A great reason alone to download your physical bank activity into QuickBooks is so that you don't have to input information twice. You can reconcile using this banking tool, or you can automatically add everything into QuickBooks directly using the Bank Feed that we downloaded from the last video. At the click of a button, you can enter line items into your Check Register, and assign them to accounts, such as categorized expense…
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