Bank reconciliation Archives

More Bank Reconciliation Issues – Clearing Payments That You Cannot Delete or Alter

This article deals with a particular issue you may run into from time to time when trying to reconcile a bank account. Sometimes a check payment is posted in your bookkeeping software, however, the actual check that clears the bank account is for a slightly different amount. You may be tempted to simply login to

Making Changes to Already-Reconciled Bank Accounts – Part 2

This article continues a series of articles that will deal with the fact that you have decided to make a change to an already-reconciled transaction in your QuickBooks Online bookkeeping company file. Like Part 1 of this series, this examplescenario of this is: You previously received a deposit but did not know where these moneys

Making Changes to Already-Reconciled Bank Accounts – Part 1

This article deals with the fact that you have decided to make a change to an already-reconciled transaction in your QuickBooks Online bookkeeping company file. One scenario of this is: You previously received a deposit but did not know where these moneys came from, so you decided to post as an Uncategorized transaction (deposit) for

Bank Reconciliation Discrepancies

This article deals with bookkeeping reconciliation discrepancies with your bank account. Normally, when you are trying to match a bank account balance to the associated bank account balance in your books, you should be able to match each and every transaction that had occurred within a certain time period. The more often you complete a

How To Reconcile a Bank Account in QuickBooks Online

Here is a video showing how to go thru a basic bank reconciliation process in QuickBooks Online:

How to Reconcile a Bank Account in QuickBooks Online

This article addresses how to reconcile to a bank statement closing balance. A closing balance is best viewed by printing out a monthly (a month-close) PDF closing bank statement. This is because an official monthly closing statement can (but not always) calculate all of the withdrawals and deposits and sum these up onto the monthly

The Value of Bank Reconciliations

Periodically reconciling all of your banking, credit card, lines of credit and even accounts that only accumulate accrued interest is always the first step in bookkeeping maintenance and ensuring your financial reports are accurate. I have seen too many times where the books (even the most complicated books) are maintained like clockwork with expertise, however

Bank Reconciliation Issues with Beginning Balances

Here is a video showing how to resolve basic bank reconciliation issues with beginning balances:

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