Preparing to reconcile a bank account


show more Preparing to reconcile a bank account provides you with in-depth training on Business. Taught by Bonnie Biafore as part of the QuickBooks Pro 2010 Essential Training show less
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Preparing to reconcile a bank account

Reconciling a paper check register to a bank statement can be troublesome. Reconciling in QuickBooks is much easier as long as you remember to record all your transactions in QuickBooks and you get all the numbers right. So before you start reconciling a bank account in QuickBooks, you can save yourself potential time and aggravation by making sure you're ready to reconcile. The first time you reconcile you do you have a few extra steps to prepare. You can add transactions during reconciliation, but it's much simpler to record all your transactions before you start to reconcile.

Record all the bills you've paid with the account. For example, if you wrote a check to pay a bill, but forgot to record the bill payment in QuickBooks, record other checks you wrote. If you wrote checks for expenses without entering a bill, make sure those checks are recorded in QuickBooks too. Record any transfers either into or out of the account. Don't forget to record the deposits into the ...

Preparing to reconcile a bank account
Video duration: 1m 50s 3h 45m Beginner

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Preparing to reconcile a bank account provides you with in-depth training on Business. Taught by Bonnie Biafore as part of the QuickBooks Pro 2010 Essential Training

Subject:
Business
Software:
QuickBooks
Author:
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