<img height="1" width="1" src="https://www.facebook.com/tr?id=1168427849921758&amp;ev=PageView &amp;noscript=1">

QuickBooks Tips Blog

Why Reconciling QuickBooks Is So Important

Posted by Matt Roberge on Dec 8, 2015 7:00:00 AM

Reconciling QuickBooks is the number one most important bookkeeping task that you can perform. One of the rookie bookkeeping questions we regularly get is why the QuickBooks' bank balance doesn’t match the actual online bank balance. It’s because you are not reconciling your QuickBooks file. Below, I will explain why reconciling QuickBooks is so important.

Read More

Topics: QuickBooks Reconciliation, QuickBooks Bank Reconciliation, Financial Reports, Financial Forecasting, Reconciling QuickBooks

Centralizing Point Of Sale Programs In QuickBooks

Posted by Joe Mazur on Mar 13, 2013 7:00:00 AM

As a small business grows, it is not uncommon to jump around between different software programs until the correct fit is found.  Financial software such as QuickBooks may not provide the accurate service your business may need to properly track hotel reservations, efficiently produce reports that show owner disbursements for a condominium community, track daily sales from a restaurant, and the list goes on and on.  No matter what combination of software your business uses, it makes sense to centralize point of sale programs in QuickBooks.

Read More

Topics: QuickBooks Bank Reconciliation, Bookkeeping Services in Utah, Bookkeeping Tips, Online Marketing

Video Blog QuickBooks Tip: Reconciling QuickBooks Accounts

Posted by Matt Roberge on Aug 2, 2012 7:55:00 AM

Reconciling all of your accounts might be the single most important part of your bookkeeping process.  That is why it is amazing how many businesses fail to complete their account reconciliations on a regular basis.  Our video demonstration on QuickBooks reconciliation will not only explain why you absolutely must reconcile, but how to actually perform your reconciliations.

Read More

Topics: QuickBooks Bank Reconciliation, QuickBooks, QuickBooks Reconciliation, QuickBooks Tips, QuickBooks reconciliation tips, QuickBooks Tips Blog, QuickBooks Video Tips

10 Simple QuickBooks Tips To Dial In Your Bookkeeping

Posted by Matt Roberge on Jun 19, 2012 7:36:00 AM

Are you using QuickBooks as effectively as possible?  Are you getting the most out of QuickBooks?  Follow these 10 simple QuickBooks tips to put your business bookkeeping back on track.

Read More

Topics: QuickBooks Tips, QuickBooks advice, memorizing QuickBooks transactions, QuickBooks Bank Reconciliation, QuickBooks, Efficiently Using QuickBooks, QuickBooks Reconciliation, QuickBooks Blog, QuickBooks Tips

Slick QuickBooks Reconciliation Tips

Posted by Matt Roberge on May 17, 2012 8:13:00 AM

The QuickBooks program is the quintessential office accounting assistant for anyone who deals with invoices or the flow of currency. As with everything else, unless you really get to know the program, you may not be getting the full benefits that QuickBooks has to offer. Sometimes, it's just too much to try to figure it all out on your own, so to help give you a push in the right direction, we've listed a few QuickBooks reconciliation tips to help you make the most of the program.

Read More

Topics: QuickBooks advice, QuickBooks Reconciliation, QuickBooks Bank Reconciliation, QuickBooks Tips, QuickBooks Tracking, QuickBooks reconciliation tips

Understanding The QuickBooks Reconciliation Functions

Posted by Matt Roberge on Apr 17, 2012 7:56:00 AM

Remember the days of balancing your checkbook or credit card with nothing more than a sharp pencil and a
basic calculator? Crunching the numbers of your business expenditures each month could take hours and had to be checked and double checked numerous times to avoid expensive errors. Many of us put off balancing our credit cards and checkbooks until the last possible moment – if only to retain some small amount of sanity. It's things like this that really make you appreciate new developments in bookkeeping technology – such as the QuickBooks reconciliation feature.

Instead of tapping away at your calculator for hours on end, this simple feature allows you to balance your accounts in minutes so there’s no excuse for waiting. It saves you precious time, and it can also save you a great deal of money.

Essentially, this feature allows you to double check your deposits and credits against your bank or credit card statement. Simply open “Banking” from the startup screen, then click on “Reconcile” and enter in the statement date and end balance. Use the statement to check off each item in the “checks and payments” column. When complete, the amount in the right bottom corner should say “0.” If not, there is an error in the records or in the statement.


What many business owners fail to realize is that banks and credit card companies can make errors too. Often these errors go unnoticed and can add up to a rather large amount of lost money. Generally you only have about 30 to 60 days to contact credit card companies and banks to ask that the errors be reversed, so it is important to catch them early. By using the QuickBooks reconciliation feature to balance your accounts in a timely manner, you are much more likely to catch errors in enough time to have them changed.

All in all, this handy aspect of the QuickBooks program can be a real lifesaver. However, in order to save even more time, you may want to hire a Salt Lake City Bookkeeping professional. Our educated and thorough experts can save you more time and money than even the best program available.

What benefits have you found from the automation of bookkeeping?  

 

 

Click me

 

 

 

 

 

Read More

Topics: QuickBooks Tips, bank reconciliation, QuickBooks Bank Reconciliation, bookkeeping products, Bookkeeping Salt Lake City, QuickBooks Reconciliation, credit card companies, Bookkeeping Errors, bookkeeping needs, Business Bookkeeping

4 QuickBooks Reconciliation Tips From A Bookkeeping Expert

Posted by Matt Roberge on Mar 27, 2012 5:00:00 AM

When using the QuickBooks reconciliation feature there are several tips and tricks you can use to make the process smoother.  Start practicing the below techniques and I guarantee your QuickBooks reconciliation process becomes simpler and more efficient.  

Read More

Topics: QuickBooks Tips, QuickBooks consulting, QuickBooks advice, QuickBooks Bank Reconciliation, Efficiently Using QuickBooks, QuickBooks efficiency, Salt Lake City Bookkeeping

QuickBooks Bank Reconciliation Tips

Posted by Matt Roberge on Oct 12, 2010 9:47:00 AM

Reconciling the bank statement can be challenging and time consuming for a small business depending on many factors: how much volume is involved, how many different bank accounts, the details of what types of transactions occur etc.  There are many things you can do within QuickBooks to make sure you not only do your monthly reconciliations efficiently, but also accurately.

Read More

Topics: QuickBooks Tips, QuickBooks Bank Reconciliation