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CHECKBOOK PRO TUTORIAL HOW TO

If you're reconciling a credit card account, the sections are Charges and Cash Advances (purchases) and Payments and Credits (payments to the credit card company).If you only want to see transactions for the statement period you're working on, select Hide transactions after the statement’s end date.Here are a few things you can do to make your reconciliation easier. When you're done reviewing your statement, you'll know everything made it into QuickBooks. Make sure you have the right dates and transactions. To reconcile, simply compare the list of transactions on your bank statement with what's in QuickBooks. Step 4: Compare your bank statement and QuickBooks All cleared transactions on the reconciliation become uncleared. Note: When you undo a previous reconciliation, your beginning balance reverts to the beginning balance of your previous reconciliation. If you need to start over from scratch, you can select Undo Last Reconciliation.

CHECKBOOK PRO TUTORIAL HOW TO

If you still have issues, here's how to fix your opening balance and beginning balance.This gives you reports you can use to find discrepancies and other reconciliation issues. If numbers don't match, select Locate Discrepancies.If your beginning balance doesn't match your statement, don't worry. If the info is correct, select Continue or OK. Don't enter charges you've already entered in QuickBooks. Enter the Service Charge and Interest Earned based on your bank statement.Enter the Ending Balance based on your bank statement.It uses the ending balance from your last reconciliation to get this number. QuickBooks also automatically enters the Beginning Balance.Change it as needed to match your bank statement.

Usually, it's 30 or 31 days after the statement date of the previous reconciliation.

The Statement Date is automatically filled in.

In the Account field, select the bank or credit card account you want to reconcile.

Go to the Banking menu, then select Reconcile.

This ensures your account is successfully linked to a valid company ID. Important: If you're reconciling a Merchant or Payments account and QuickBooks Desktop sees that you aren't signed in, you'll see a sign-in window. Reconcile each month separately, one statement at a time. If you're reconciling multiple months, start with your oldest bank statement.

Once you get your bank statement, you can start reconciling. If there are transactions that haven't cleared your bank yet and aren't on your statement, wait to enter them. Make sure you enter all transactions for the bank statement period you plan to reconcile. This makes your first reconciliation much easier. We recommend setting the opening balance at the beginning of a bank statement. This starting point is the opening balance. You enter the balance of your real-life bank account for whatever day you choose. When you create a new account in QuickBooks, you pick a day to start tracking transactions.