How to Reconcile Bank Statements to QuickBooks 18009413691

1. How to Reconcile Bank Statements to QuickBooks 18009413691 QuickBooks comes with the many uncertain features and some of them are very useful which are very important for the users, although all the features of the QuickBooks are very important but some of the features are amazing. You need a monthly bank statement because you need some information to enter QuickBooks and verify the transactions which cleared your bank and match the transactions in your books. Everyone receives a bank statement in his account until he or she opted for the paper statement. Any bank statement includes many pieces of information, some of them are so important and are mentioned below: Date range- Date range gives you a range of date from starting period to end period of the statement Beginning balance- This shows bank balance on the first day of the period Ending balance- This is the bank balance at the end of the period Once the bank statement is in your hand you are ready for the reconciliation. After this just follow the below steps.

2. How to Get to the Bank Reconciliations window Select Gear Icon Select Reconcile If you see the message “Find your balance” then Reconcile your account Under the account section, select bank account which you want o reconcile Beginning Balance- This beginning balance on your statement or the ending balance from a previous bank reconciliation Ending Balance- Whatever the amount you see on the bank account you need to enter the ending balance here Ending Date- Enter the ending date which is on your bank statement Select start reconciling Bank Reconciliation window in QuickBooks Beginning Balance- Ending balance from a prior bank statement as well as the beginning balance of the most recent bank statement Ending Balance- This is the ending balance which you see on your account statement Payments- These are money debit transactions such as checks and electronic payment Deposits- These are transactions which you receive from the customers On the next page, you will see below details Date- Transaction date Cleared Date- Date on which bank cleared the transaction Type- This shows transaction type Ref no-All transactions don’t have a reference number. The most common Ref no is check number Account- Transactions income or expense category Payee- Vendor or customer name Memo- Additional information mentioned in QuickBooks Match Symbol- A green symbol next to transactions means that transactions are added me the banking center Payment- This is money out the transaction Deposit- This shows deposit amount

3. How to Reconcile Bank Statements to QuickBooks Look at each transaction one by one on your bank statement Find the same transaction in your bank reconciliation window, and check the circle next to the transaction. It marks the transition clear in bank reconciliation Continue to select the transactions which appear on your statement. Once you have selected all the transactions, the difference on the upper right should be equal to zero. Select finish now to reconcile Once it is finished you can view your reconciliation part, to view select view report Conclusion Reconcile Bank Statements to QuickBooks is very helpful, it helps you to verify each transaction in QuickBook. This removes duplicate transactions, missing transactions, etc. For more information kindly get back to QuickBooks Helpdesk, they sort out your queries and issues within the time frame with complete satisfaction. https://tinyurl.com/yau8est6