Reconciliation

Reconciling QuickBooks with your bank statement may sound mysterious and scary, but it’s really not. All it means is you check your records in QuickBooks with your bank statements to make sure they match. Here’s how that happens:

  1. You get your statement for your accounts at financial institutions: bank accounts, credit cards, money market accounts, etc. (Though some of these places may not technically be banks, I’m just going to use the term “bank” because it’s a nice short word instead of “financial institution.”)
  2. You compare what’s on the statement with what’s in the Reconcile window in QuickBooks.
  3. If something doesn’t match up, you make changes. QuickBooks will help you.

To get in this deeper, check out: Reconciliation: Do you match?


Most recent articles



Reconciliation trouble? Clues are in your bank statements

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So, you’ve done everything I talked about in Reconciliation: Do you match? to reconcile your accounts. Everything went right, and you’re in good shape. Yep, nothing else to do here. Well, maybe. Reconciling isn’t hard, but it doesn’t always go … [Read more...]

Reconciliation: Do you match?

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Reconciling QuickBooks with your bank statement may sound mysterious and scary, but it’s really not. All it means is you check your records in QuickBooks with your bank statements to make sure they match. Here's how that happens: You get your … [Read more...]

Video: Introduction to online banking

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Ever wonder what online banking in QuickBooks for Mac can do for you? Using the QuickBooks features for online banking can make your life so much easier. By downloading your transactions directly from your financial institution into QuickBooks, … [Read more...]

You can also post your own question to the QuickBooks for Mac community.