Are you looking for an accounting software that will help you spend less time when reconciling your cash account balance with your bank statement balance? here is a review of QuickBooks Bank Reconciliation Processes:<\/p>\n
1. \u00a0Click Banking > Select\u00a0Reconcile<\/strong><\/p>\n 2. Select a bank account to reconcile and enter the ending\u00a0balance on your bank statement.<\/p>\n 3. Service Charge: Sum up all the service charges on your bank statement (COT, SMS, Cheque Book and other charges) and map it to \u2018Service Charge Account<\/strong>\u2018 under chart of account.<\/p>\n 4. Interest Income: Sum up all the interest income received and map it to \u2018Interest Income Account<\/strong>\u2018<\/p>\n 5. Click\u00a0continue<\/strong><\/p>\n On the next page, you will see a summary of your \u2018Bank payment and Deposit transactions.<\/strong><\/p>\n 6. On the deposit window, locate transactions like \u2018Credit Transfers or any other deposit that has been recorded in your bank statement but not yet reflected and record in your QuickBooks using receive payment and deposit features.<\/p>\n 7. On your payment window, located all payments like \u2018standing order and outgoing bank transfers\u2019 that have not been affected and record in your QuickBooks using Write Cheque icon.<\/p>\n These steps should help you reconcile your\u00a0QuickBooks Bank balance with Bank Statement Balance.<\/strong><\/p>\n Are you looking for an accounting software that will help you spend less time when reconciling your cash account balance with your bank statement balance? here is a review of QuickBooks Bank Reconciliation Processes: 1. \u00a0Click Banking > Select\u00a0Reconcile 2. Select a bank account to reconcile and enter the ending\u00a0balance […]<\/p>\n","protected":false},"author":1,"featured_media":325,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quickbooks"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/posts\/1023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/comments?post=1023"}],"version-history":[{"count":1,"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/posts\/1023\/revisions"}],"predecessor-version":[{"id":1024,"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/posts\/1023\/revisions\/1024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/media\/325"}],"wp:attachment":[{"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/media?parent=1023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/categories?post=1023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magnetgroupng.com\/Blog\/wp-json\/wp\/v2\/tags?post=1023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nIf you need support on how we can set up\u00a0QuickBooks\u00a0for your business, CONNECT with us on \u00a009092942048, 08175420054 or SEND us your request: info@magnetgroupng.com<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"