From the course: QuickBooks Pro 2020 Essential Training

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Reconcile bank accounts

Reconcile bank accounts - QuickBooks Pro Tutorial

From the course: QuickBooks Pro 2020 Essential Training

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Reconcile bank accounts

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- [Instructor] It's a good idea to reconcile your bank accounts with QuickBooks. This means making sure that your physical statements match up with what's on your QuickBooks check register. To reconcile, in the banking area on the home screen, click reconcile. The first thing you'll need to decide is the bank account you're going to reconcile with. In this case, I only have one business bank account, so that's the one I'm going to use. Choose the statement date that came up on your bank statement. Now I know what the beginning balance was because I haven't actually reconciled this since I put in that starting balance for the checking account. Normally, if you reconcile more than once, QuickBooks will use the ending balance from the last time you reconciled as the beginning balance for the next statement date. I already have this reconciliation in progress, so that's how I know what to put in for the ending balance. What…

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