13. Working with Bank and Credit Card Accounts
Incorrect bank account balances are one of the most common problems I find when troubleshooting a client’s QuickBooks data. One of the first questions I ask new clients is whether they have reconciled their bank or credit card accounts in QuickBooks. Most tell me they have. I then review any transactions that are not marked as cleared, and I usually find older, dated transactions that have not cleared. For more information, see “Reviewing Uncleared Transactions,” in this chapter.
One of the most important reconciliations to do in QuickBooks is to match your bank or credit card transactions recorded in QuickBooks with the same transactions reported by your financial institution in its monthly statement. ...
Get QuickBooks® 2014 In Depth now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.