Quickbooks 2020 Tutorial for Beginners - How to Reconcile Your Bank Account

Reconciling your bank account in Quickbooks Desktop 2020 is a crucial step you need to follow each and every month to make sure that your Quickbooks bank balance matches the balance the bank shows. If it doesn't, you risk missing deposits or even bouncing checks.

[aunavoz]

Great in how quick, detailed and simple you explained instructions on how to reconcile in QB. I really appreciate it.

[Mrsdevsgirl]

This is exactly all I needed. Awesome. Thanks so much

[Mrsdevsgirl]

Are Service Charges considered, wire transfer fees or maintenance fee? First time doing this and just want to make sure I have it right.

[JOJO-njkf]

Thanks for this video. What do I do if I have several service charges? Do I sum them up?

[Socheatkhusa]

Hi, thank you for this helpful VDO. I am running a small rental company. and do self accounting. my question is: can I do a write off to a tenant who left owe me rent to get a new start with a new contract ( tenant)? or there is other way to get this done proper?
thank you for your answer

[alvin]

Hello. Great beginner video. What is your best advice on following up on the uncleared cheques and deposits that have not cleared the bank? Thanks in advance

[BettyTraister]

When I check off the left side of screen for amount, the entry goes to the bottom of the screen, it never did that before. What can I do to get it back to the original?

[HelloKitty-fsno]

Hi. Thank you so much for this video. It is so far the easiest one to follow for a beginner like me.
I have some questions:
1) My opening and closing balance match but as I tried to check the deposits+credits AND checks+payments, I couldn't figure out almost 30% of them because the numbers are not the same with my statement.
Do you have another tutorial on this?
2) Are these all service charge?
- Debit Memo Service charge
- Returned Cheque charge
- Loan admin fee
- Deposit item fee
- account fee?
3) Would it be a problem if I miss one of the service charge?

[sbc]

Hello. What if we need to undo a month of reds to fix an error made by others? Do I use the red report to unselect these charges and just reconcile again? I don’t want to mess us the balances. Thanks so much!

[sarabuchheim]

In Desktop. I use Funds Transfer to transfer cash to the petty cash account that expends the funds. How do you reconcile the bank statement to the reduced balance as there is not a "balancing" entry. I understand the transfer to be like a check, but it will never be listed on the bank withdrawals. I am flummoxed, please reply. If I just check off the transfers, I am no longer in balance and cannot reconcile.

[sabinamobarak]

Sir, my opening and closing balance match but I could not find out my difference amount. I am looking for more but exact difference amount not match. Can you tell me another way please i need your help?

[RolfeShiflett]

desktop pro 2020- how can I VOID an OLD ( 3 months ago) check that I already, accidently, marked as CLEARED?

[greatescape]

If the transactions are on the bank statement but not in the QB reconciliation detail does that mean I need to pull the transactions into QB's?

[JF]

Thanks for the video!
How do I pull up reports from those that already reconciled? And if there are something hasn't cleared from the pastor transactions had edited for a different amount, let's say 1 year ago, how do I get them straight and clear them out? Do I need to unreconcile them all to make them right again?

Thanks a lot 🙂

[taxclient-tt]

What to do if after i reconciled there is a lot of transactions uncleared?

[meypuim]

I'm using quick books 2021. How come when I record a transfer of funds transaction between banks, QuickBooks doesn't automatically assign a journal entry number. When I open the register, there is no number assigned for that transaction.

[ginnycompton]

How do I reconcile bank statement if my credits and debits are separated by Class. Genera and Studio?

[leonieamba]

Hi!,
What would you do if you are asked to reconcile but someone else record bank debits and credits on quickbook destop, but you can not find any match with bank statemnet. Please help.

[samanthadurick]

Hi my name is Samantha and I am studying to get my quickbooks certification . if thier is any way that you can help me study for it. I am working on the quickbooks certification test and compatibility with quickbooks desktop 2018. By Janet Horne

[QbuniversityOrg]

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