Most of the
small business owners are using QuickBooks accounting software to track and
manage their company’s finances. If you found that many people, while using the
accounting software to enter transactions, fail to follow through to make sure
they are getting everything entered. If at the end of the year you will get a bunch
of missing transactions, it is going to be that much harder to track down the
reason why you are checking the balance
and your QuickBooks balance are worlds apart. For any type of help, you can dial a toll-free QuickBooks
support number and get relevant support from the team of expert technicians to
resolve the issue.
Before you
will go through the basic troubleshooting steps of how-to reconcile QuickBooks,
let’s establish some ground rules before it:
1. Always
enter your entire bill such as phone, electricity, Internet, car payment, within transactions in the QuickBooks using
the Enter Bills/Pay Bills feature.
2. Your money
received is entered either using the Sales Receipt or Create Invoice/Receive
Payments feature in QuickBooks.
3. With the
help of record, deposits feature undeposited
funds are made.
4. In the
check register feature, purchases are
made using your debit card directly or by using the Write Checks or Enter
Bills/Pay Bills feature.
For any type
of assistance regarding QuickBooks help contact reliable QuickBooks online tech support for reconciling your account in an easy manner.
Apply the below-listed steps it will take only take a few
minutes of your time and use QuickBooks for every reconciliation option .
1. Click on Banking
> Reconcile
2. Make sure
that the beginning balance is the same as the beginning balance on your bank
statement.
3. Enter the
statement date and ending balance.
4. Check off
each of the deposits and credits that appear on your bank statement. If you
missed a deposit, go back to home and record the deposit.
5. Check off
each of the checks and payments that appear on your bank statement. If you
missed entering a purchase, payment, or check, go back to banking and do it
now. Alter the amount of any item by double -clicking
and editing.
6. The
amount in the lower right-hand corner
should be zero. Print (to a printer or to adobe pdf) a reconciliation report to
be filed.
By applying
all these steps, you are taking a proactive approach toward your finances. Now
with this feature you will spend less money on your accountant at tax time, you
will enjoy a feeling of enhanced control, and you will have an easier time
using QuickBooks’ more superior features.
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