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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.

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

Why I Reconcile QuickBooks On A Daily Basis

Posted by Matt Roberge on Sep 15, 2015 7:30:00 AM

I have been in the habit of reconciling QuickBooks on a daily basis for as long as I can remember. When I was a really small business (that is, working solo) it was easy to manage reconciling on a daily basis. As I grew, both I and my business found that maintaining the habit of reconciling every day became even more important.

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Topics: QuickBooks Reconciliation, Cash Flow Management, Financial Forecasting, Reconciling QuickBooks, Daily Bookkeeping,, Daily Reconciling

QuickBooks Bank Reconciliation Example Of Procedures

Posted by Matt Roberge on Oct 28, 2013 7:00:00 AM


The more small business bookkeeping consulting we do the more I stand by this motto: reconciling QuickBooks is the most important thing you can do from a bookkeeping standpoint.  Many small business owners use our QuickBooks support services to learn more about using QuickBooks and properly handling their small business bookkeeping.  When I run through a QuickBooks bank reconciliation example with a new client it seems to go well.  When I send that same client to do a QuickBooks bank reconciliation on their own it rarely gets done correctly the first time.  QuickBooks is like any other software, you need to learn how to use it properly and it takes time.  As you learn QuickBooks you are going to make mistakes along the way and eventually learn the correct way to use QuickBooks for your business.  I will run you through a QuickBooks bank reconciliation example and give you some advice on handling it correctly.   

Don't Be Intimidated

First, let me say don't be intimidated by your bookkeeping or QuickBooks.  I know many people do find QuickBooks and accounting intimidating but that is because it is something new.  I always tell people the beautiful thing about bookkeeping is that it can be done whenever and I can always fix mistakes.  Just don't let your bookkeeping fall so far behind that it becomes costly to catch up and fix your mistakes.  Many people get intimidated by the word reconciling; I know it sounds painful.  Reconciling is just a fancy word for balancing the checkbook so feel free to call it whatever you like.  Don't be intimidated by your bookkeeping and find help before you start making mistakes. 

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Topics: QuickBooks, QuickBooks Reconciliation, QuickBooks Blog, QuickBooks Tips Blog, bank reconciliation, Reconciling QuickBooks

QuickBooks Reconciliation Tips Revisited

Posted by Matt Roberge on Apr 26, 2013 7:21:00 AM

Reconciling QuickBooks is arguably the most important QuickBooks and bookkeeping task for any business.  Therefore, refining your QuickBooks reconciliation process on a regular basis to make it as efficient as possible is extremely important.  I have written several QuickBooks reconciliation articles as well as posted some reconciliation videos demonstrating the correct process.  As both QuickBooks and your bookkeeping process evolve, so will your reconciliation process.  Here are a few new QuickBooks reconciliation tips as well as a reminder on some old tricks to help expedite the process for you.  The short video below will explain some of the additional tips that follow in further detail.  

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

QuickBooks Reconciliation: Are You Utilizing It Properly?

Posted by Matt Roberge on Oct 8, 2012 7:54:00 AM

One of the most powerful and important features in QuickBooks is its ability to reconcile your
balances. This means, in short, ensuring that all your transactions add up to what you think they do, and confirming that the amount you believe you have matches what is actually in your account. QuickBooks reconciliation is vital to properly keeping your books, and keeping your accountant happy.

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Topics: QuickBooks Reconciliation, bank reconciliation, bookkeeping challenges, bookkeeping needs, Bookkeeping mistakes, Bookkeeping Processes, Bookkeeping Business

Killer QuickBooks Tips For Your Business

Posted by Matt Roberge on Sep 14, 2012 7:10:00 AM

Accounting is an extremely crucial part of your business. In fact it would not be wrong to say
that the survival of your business depends on how you maintain your accounts. Nowadays people prefer using accounting software like QuickBooks to make the accounting process easier and also enable them to concentrate their energies in making their business a grand success.

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Topics: QuickBooks, QuickBooks Reconciliation, Business Bookkeeping, QuickBooks Tips, Personal Bookkeeping, Small Business Accounting Services

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.

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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.

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

Spot On QuickBooks Accounts Receivable Procedures

Posted by Matt Roberge on May 22, 2012 8:31:00 AM

Having proper accounts receivable procedures is very important for any business. The receivables are money owed to the business and properly accounting for and collecting that money is essential to staying in business and earning a profit.

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Topics: QuickBooks consulting, QuickBooks advice, QuickBooks Reconciliation, QuickBooks, QuickBooks efficiency, QuickBooks Accounts Receivable Reports, QuickBooks Accounts Receivable

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.

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