Bank Reconciliations
This picture is so deceiving. Not many people I know sit down at a table with their
checkbook, a calculator and a cozy cup of coffee and *PRESTO* their bank statement
is magically reconciled.
Businesses are even worse!
One new client had a bankers box filled with 5 months of unreconciled bank statements
- for 3 different accounts! All had to be reconciled into Quickbooks which would've
been easy except, since they were on a manual system, the check register and deposits
were not posted. To say it was a chore is an understatement.
Reconciling a bank statement in Quickbooks is quick and easy. Of course, some effort
has to be put into it first. All checks written and deposits made must be posted first.
Then ATM withdrawls, debit card transactions and online payments have to be pulled
off the bank statement and posted. Transfers made from one account to another must
be accounted for. Then and only then can reconciling the bank statement be easy.
The effort must be done, but the good news is.....you don't have to do it! Checks and
Balances Bookkeeping Services will ensure that all bank statement related items are
accounted for so that you have an accurate ending checkbook balance every month.
This crucial to knowing where you stand cash-wise.
checkbook, a calculator and a cozy cup of coffee and *PRESTO* their bank statement
is magically reconciled.
Businesses are even worse!
One new client had a bankers box filled with 5 months of unreconciled bank statements
- for 3 different accounts! All had to be reconciled into Quickbooks which would've
been easy except, since they were on a manual system, the check register and deposits
were not posted. To say it was a chore is an understatement.
Reconciling a bank statement in Quickbooks is quick and easy. Of course, some effort
has to be put into it first. All checks written and deposits made must be posted first.
Then ATM withdrawls, debit card transactions and online payments have to be pulled
off the bank statement and posted. Transfers made from one account to another must
be accounted for. Then and only then can reconciling the bank statement be easy.
The effort must be done, but the good news is.....you don't have to do it! Checks and
Balances Bookkeeping Services will ensure that all bank statement related items are
accounted for so that you have an accurate ending checkbook balance every month.
This crucial to knowing where you stand cash-wise.
