Posts

Showing posts with the label reconcile bank accounts

Managing your Business Finances like a Pro: Getting Started

Begin managing your finances using QuickBooks with these simple steps and quick tips. Getting Started Consult with your accountant and discuss the use of QuickBooks Buy and Install QuickBooks pro (You can buy through us  here ) Structure your various accounts- Start with the minimum number of accounts, then expand. Establish an accounting routine that works for you and stick to it. Work with your accountant and keep in close contact all year round. Good Accounting Habits Record Transactions regularly. Including but not limited to:      Buying/Expense: bills, checks, credit, paying employees, contractors      Selling/Income: estimates, invoices, sales      Credit Card Transactions Reconcile accounts monthly Update financial statements quarterly Be as accurate and Consistent as possible Fix mistakes as they happen (They are fixable!) Set Up Your Budget It is simpl...

How Do I Reconcile My Bank Account & Credit Cards in QuickBooks?

Image
“Quicklet” - A Podcast for QuickBooks Pro, Premier, Enterprise Solutions & Point of Sale users featuring helpful information, tips, tricks and suggestions for bookkeepers, business owners, and consultants. Got a QuickBooks Mess? Ask The QuickBooks Gal! Hi, I'm Jayne Miller, The QuickBooks Gal. Welcome to another in our series of “Quicklets” – informational podcasts about QuickBooks and related bookkeeping topics. Today, I’m going to talk again about Reconciling Bank Accounts and Credit Card Accounts in QuickBooks®. I've gotten a lot of queries recently about the reconciliation process in QuickBooks. If you listened to my last podcast, you know that one of the significant issues addressed in QuickBooks 2008 R3 update pertains to the bank reconciliation process. I think this is a good time to review the reconciliation process. Nothing is so important and so overlooked in the bookkeeping process as performing monthly bank reconciliations. QuickBooks makes this process as easy...