In this video, we’ll show you how to reconcile your bank statement in QuickBooks.

This is an important step to make sure all of your transactions are accounted for and to catch any discrepancies. 🤓

Do you have a bank account that’s never been reconciled and you’re not sure of the proper process?

Then you are in the right place I created this QuickBooks Desktop tutorial for reconciling your bank account just for you.

Whether you’re using bank feeds or manually entering your transaction, taking the time to reconcile and make sure you don’t have errors in QuickBooks will make your next tax appointment so much easier.

You’ll need to grab your bank statement and hit play 😊

Looking for how to reconcile QuickBooks as an Online user ➡️ Click Here

What is Reconciliation?

• To know if you entered everything correctly.
• It’s the number one way to show up on your next tax appointment with Confidence.

 

• Grab your Bank Statement and get into your QuickBooks Desktop
• Go up to “Banking”
• The “Reconcile”

Or 

• From Homescreen, Choose “Reconcile”
• Choose “Account”
• “Statement date” (Base on your Statement)
• Check “Beginning Balance”
• “Ending Balance”
• Enter Other details
  • Service Charge & Date
  • Account
  • Classes – If you’re you’re using it
  • Interest Earned & Date
  • Account
  • Classes – If you’re you’re using it
• Click “Continue”
• Read the pop up notification first if it’s accurate – Click ‘Yes” 

 

Inside Reconciliation Screen

• For Period Date (Statement Ending Date)
• Find the transactions in the Statement (Checkmark the ones that is only cleared)

 

Hide Transactions after the Statement End date

• To prevent using transactions outside the current statement date. 

 

Other Reconciliation Feature

• Highlight Marked
• mark All – Not Recommended’
• Unmark All
• Go To 
• Matched
• Columns to Display…
• Modify – If you need to make some changes

 

• Click “Reconcile” when you’re reconciliation amounts are balanced

**Remember: Make sure the Difference is always Zero, if not Zero go back to the details and figure out why it’s not balanced.

 

If you need to do or enter something to balance your Reconciliation, you can choose “Leave”

• To go back, Choose “Reconcile” in the Homescreen
• Confirm Details
• Click “Continue”
• Check Details in the Reconciliation Screen again
• Click “Reconcile”
• “Select Reconciliation Report” screen will pop up
  • Choose (Summary, detail, both)
  • Then Choose if you want to (Display or Print) the Report

 

Going back to print any reconciliation that you’ve missed

• Go up to “Reports”
• “Banking”
• “Previous Reconciliation”
• “Types of Report” (Summary, Detail, Both)
  
  • In this report, include (Additional Options)
  • Click “Display”

______________________

Have you been using QuickBooks for a while, but when you pull a report you just don’t understand what it’s saying?

Does the idea of going to see your tax professional sound a little stressful and maybe cause you to feel like you want to pull your hair out?

I would love for you to join me on my customizing QuickBooks workshop.

I’ll be sharing:

• The most efficient way to track your Income and Expenses.
• How to create accurate reports in order to view how your business is actually doing and stop second-guessing yourself.
• Where to get the data you need to make the best decisions to grow your business.

And the #1 SECRET to feeling confident at your next tax appointment.

I’m excited to see you on the workshop!

Click here to save your seat  → Join My Free Workshop!

 

🙋🏻‍♀️ I’d love to connect with you on Instagram or Facebook

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