How to Reconcile Your Accounts in QuickBooks?
No one likes to balance their checkbook and no one likes to reconcile their business accounts one way to make reconciling much less painful connector bank accounts two Quick Books categorize transactions as they come in through the month then at the end of the month instead of spending hours reconciling. You’ll spend a minute or two looking at your accounts and you’ll be done whether you connect your bank accounts or do it the old fashioned way.
Here’s how you reconcile an account get out your bank statements for this account in Quick Books click the gear menu and choose reconcile.
Now take a look at a copy of the bank statement for the account you’re reconciling with QuickBooks. Take note of the Statement End Date and the Ending Balance amount.
Now the work begins match each expense on your statement with an expense in the checks and payments.
When the expense matches check the box beside it. Important safety tip only
click on the little check box if you click anyplace else other windows open and it can be hard to find your way back to the reconcile window check off each transaction.
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