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Page 1: How To Reconcile Accounts In QuickBooks

How to Reconcile Accounts in QuickBooks

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Page 2: How To Reconcile Accounts In QuickBooks

Create A Bank Account: We Created a Bank Account (with an Opening Balance of $10000, dated 1st May, 2016) for our example

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Page 3: How To Reconcile Accounts In QuickBooks

Select And Pay Bills: We Paid two bills $500 each (Total for the bills is equal to $1000) for our example

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Page 4: How To Reconcile Accounts In QuickBooks

QuickBooks Hosting Free for 30 Days

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Page 5: How To Reconcile Accounts In QuickBooks

Using Customer Payment Window Receive Payment: For our example we received an amount of $500 from the customer. (Now the Bank Balance should read $9500 (=10000 – 1000 +500)

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Page 6: How To Reconcile Accounts In QuickBooks

Copyright 2016, Techarex Networks LLC. | e-mail: [email protected] | Call Toll-Free : 1-855-909-3300

Verify Your Account Balance In Chart Of Accounts List

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Page 7: How To Reconcile Accounts In QuickBooks

Reconcile the bank account: For our example we will reconcile it for the month of May

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Page 8: How To Reconcile Accounts In QuickBooks

Read the transactions from bank statement and clear them in QuickBooks: For our example, from the May month’s statement and find them here to clear. So, when we will reconcile the bank by marking all transactions; the difference should be zero Please make sure that this box is

checked to avoid confusion with the transactions after the statement’s end date

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Page 9: How To Reconcile Accounts In QuickBooks

Copyright 2016, Techarex Networks LLC. | e-mail: [email protected] | Call Toll-Free : 1-855-909-3300

Verify that all transactions have a check mark in the bank register: Now, all the transactions that have been reconciled would have got a “√” mark against them. I have entered transactions for the month of June’16 and QuickBooks shows the register balance as $8500

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Page 10: How To Reconcile Accounts In QuickBooks

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