Reconciling QuickBooks Online

Even if you use the QuickBooks Online banking feed, it’s not a guarantee that your bank balances are correct. And when you have extra or missing transactions, your Profit & Loss and Balance Sheet are wrong!

Reconciliation is the monthly step to confirm your checkbook balance, credit cards, liabilities, and loans have been entered correctly. The problem is that most businesses reconcile the transactions that ARE on the statement, but ignore the ones that are not.

That’s not Reconciling, that’s “reconciling,” and the result is that you may be paying your taxes wrong!

In this class, not only will Alicia show you how to reconcile properly, but she’ll show you how to trick out the interface to finish in seconds instead of hours.

Even better, use reconciling as a troubleshooting tool. Learn how to identify errors in your accounting data by how they appear in your Reconciliation window:

• duplicated entries

• uncleared transactions

• transactions coded to the wrong funding source

• receipt captures that didn’t match the banking feed.

Take this class and save yourself hours of struggle...and make your reports a thing of beauty.

Instructional Level

Beginner through Intermediate

Course Length

1 hour

Course Credits

1 CPE, Certificate of Completion

Field of Study

Accounting

Delivery Method

Group Internet-Based, and QAS Self Study

Who should take this class?

• Business owners who do their own bookkeeping

• Bookkeepers who want to get routine tasks done blazingly fast

• Accountants who make journal entries to correct errors instead of actually fixing the problem

What You’ll Learn

• What accounts should get reconciled?

• Why the banking feed still needs reconciliation

• The Reconcile interface

• Step-by-step reconciling

• Tricks to locate errors quickly

• How to solve common QBO workflow errors that create extra transactions