Reconcile Credit Cards

Reconcile Credit Cards
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Reconcile Credit Cards
Video Length: Video Size: File Size:
7 Minutes 50 Seconds Up To Full Screen 10718 KB

QuickBooks Online Training
 
 
Video Tutorial Over Reconciling Your Credit Cards

As you write checks, withdraw money, make deposits, and incur bank charges, each of these transactions should be recorded in QuickBooks and then "matched" with the bank's records. This matching process is called reconciling. Reconciling your accounts is a key step to ensuring the accuracy of your accounting records.

Reconciliation in QuickBooks occurs within two windows: the Begin Reconciliation window and the Reconcile window.

Beginning your reconciliation

Some things you may want to consider before you begin your reconciliation:

  • If this is your first time reconciling this account, make sure you've added all your transactions and your opening balance is correct.

  • If your beginning balance is different from the balance on your current paper statement, you may need to track down the discrepancy before you reconcile. Click Locate Discrepancies in the Reconcile window to find out how to do this by viewing different types of reports.

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