So what is reconciling and why is so important?
It’s when you compare your bank statement with what you have entered in QuickBooks. Whether you use a bank feed or not you need to reconcile. It’s the only way to keep from making mistakes. If you have old transactions, this is a chance to look them over, verify dates and dollar amounts, clean them up and make sure you have entered every transaction properly.
0:00 – Intro
1:14 – Why reconciling is important?
2:10 – Which accounts you need to be reconciling?
2:30 – Why Loans are important to be reconciled every quarter/year
3:08 – Do I need to reconcile?
3:59 – Bank Feed and Reconciliation (Online version)
5:21 – Best way to do Reconciliation
7:23 – Reconciling outside QuickBooks
8:55 – Reconcile (Desktop version)
10:13 – Need help with QuickBooks?
11:48 – Reconcile every month
12:52 – If you haven’t reconciled before…
14:33 – Most important part of Reconciling 💡
16:12 – Entering Bank Fees
17:18 – Final Thoughts
If you need to learn how to reconcile, here is a link to a video I created that will show you how: https://canduskampfer.com/reconcile-your-bank-account/
If you want to confidently read and understand your reports and know that everything was entered properly, I invite you to join me on my next workshop where I talk about starting with the end in mind. Save your seat here: http://canduskampfer.com/workshop
Receive our QB tips straight to your inbox each week visit: https://CandusKampfer.com/tips
I’d love to hear if this inspired an “aha moment” and if you are ready to reconcile.