Quickbooks Tutorial - Bank Reconciliation Part 2

[dennis84155]

ATTENTION: I went to w w w. IncomeDocuments.c o m and was able to print current and past W2 forms, 1099 forms and paystubs online for free!

[jannicmar]

Please speak more into your mic or turn volume up! Great video but extremely difficult to hear even with my speakers turned full volume.

[KirkhamsEbooks]

Big help thanks. Can you turn the volume up a little in your mic the next time?

[Alexandra7622]

I love you.

[daisytheuk]

i have a question.If my bank statement shows a payment (direct debit) /funds received(customer's wire transfer) but the cashier has not yet got the papers for the individual transaction,which mean the cashier and accountant cant record the transaction in quickbook without a supporting funds transaction documents.In that case, it must show the difference when i do the quickbook bank reconciliation becasue the bank statement balance will be more/less than the quickbook.how 2do with this difference

[daisytheuk]

i have a question for the bank reconciliation.If my bank statement shows a payment (direct debit) /funds received(customer's wire transfer) but the cashier has not yet got the papers for the individual transaction,which mean the cashier and accountant cant record the transaction in quickbook without a supporting funds transaction documents.In that case, it must show the difference when i do the quickbook bank reconciliation becasue the bank statement balance will be more/less than the quickbook.

[UberCookiesxP]

HOW TO ENTER THE BEGINNING BALANCE FROM A BANK STATEMENT?

[predikt]

all the background info you give as you go through is great and very helpful. I think it's always better to give more info in tutorials as these instead of less as people are seeking to learn and this info may help them. thanks again

[keithrocka]

Very helpful and simple to follow - thank you!

[TheMakeuploover]

Thank you Sir! Its very helpful tutorial!

Pls post more videos!

[aditipote]

What if there are checks issued by me but not presented to bank? In that case these checks will remain unticked during my reco and the difference at the end will not be zero. Am I right?

[mjsiemer]

No, your difference would still end at 0.

If those checks didn't clear on your bank statement, then you leave them unticked in Quickbooks, as you said. Since unticked transactions don't make the difference go up or down, they won't throw off your ending number.

Those transactions will then show up the next time you reconcile the account; you keep leaving them unticked until they finally clear the bank.

[peetekim]

I know you said you do bookkeeping. how do you know what version is good for a particular type of business?

[CADwannabe]

Can you back off the mike?

[tacao007]

simply the best

[NDSchultz]

i got a question i just started this tutorials before i even try anything and rewatch it again as i do the process but my question on bank reconcicliation is ...if i were to get a diference in reconciliation mostlikely i made a mistake but what if i made sure i havent made a mistake ..and it still shows a diference does a negative implies the company is in debt or something is missing?could u explain me how the diference process works or what it means?

p.s.Great videos!!

[mjsiemer]

If the difference is negative it means that the total amount that you have cleared (checked) in the bank reconciliation is that much LESS than what your bank statement says it should be. If the number is positive, it means it is MORE. If you checked your work and found no mistakes, you should check the Beginning Balance in QB versus what is on your bank statement. If they don't match, that's your problem. If not, you could make an adjusting entry, but I would only do that if it's a small amount.

[anteopts]

this help me get going. thanks

[akillerinside]

thanks for the tutorials! who's needs to take classes when we have these!

[imthebestnotu]

u should make more tutorials

[Jennydlr]

thank you

[mybeatshop]

bravo