QuickBooks Online Tutorial: Reconciling the bank account (part 1 of 2)

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To take an in-depth Online Banking & Bank Reconciliations course with me go to:

Topics contained in this video:

00:00:00 – Intro
00:00:53 – Reconcile (gear button, click on reconcile)
00:01:01 – How to reconcile an account (step by step) (chart of accounts, bank register, reconcile) (reconcile checking)
00:04:12 – View report (accounting tab) reconciliation report

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Been using QBO for 3 years. This has been the most helpful 6 minutes and 41 seconds I’ve had! Thanks! Keep em coming.

sheriylen
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Thanks for the video. I haven’t done reconciliation for 3 years and it’s nice to see this video. It’s a refresher.

AG-cxwi
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Nunca mejor explicado he buscado y buscado esta explicacion y al fin encontre quien lo expique super bien en tan pocas palabras, mil gracias sigue haciendo videos asi.

elizabethchinea
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This really helped me, Mr. Garcia. Keep up the good videos sir!

Maniacdaloc
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Thank you Hector for a nice simply and easy to follow video. I have used some of your other videos to navigate through QuickBooks.

thomaswest
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Looks like a singer from that view 😅 thanks for all your qbo tips

merickong
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I just want to point out that uncleared checks after 90 days should NOT be automatically voided. They should be worked as unclaimed property. Talk to the payee and determine if the check was lost or if the liability was satisfied in another payment. A unclaimed check can sit on the books from 1-3 years before its reported, which entirely depends on the state, the industry and the reason for the payment. This process should be started at 60 days. Document your efforts. While most states won’t go after a small business, they can. If you don’t keep good records of your good faith efforts to satisfy the liability, they can extrapolate using other means. That extrapolation is what costs big money in the long run. This is especially important when states are in a deficit and need money for their coffers. If an owner can’t be identified, as in the case of extrapolated amounts, it goes directly to the state to spend. The vast majority of ucp goes unclaimed at the state level and they’ve been using that untouched money for a while instead of keeping it in trust.

ItsjustmeAR
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I am so happy to have found your channel ! I’ve been watching the QB tutorials through the pro advisor tab but I find they don’t often mention what to do when things don’t match. I have a few clients where the bank balance in QB doesn’t match the bank balance at all & there are no outstanding checks etc, this video gave a great step by step that I can use to identify which transactions might be causing the issue! Subscribing!

efc
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tbh the hat wouldve helped me understand quickbooks more

haidernaeemmalana
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Very clear and helpful! I'm going to be checking out your other videos -- thank you!!!

Spenserifically
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Hi Hector i am new with quickbooks I downloaded Quickbooks and paid for already. I started to enter some information such as vendors and I linked with our bank account. Everyone says that Quickbooks will work for us because we are a small business. I need all the information to be entered on Quickbooks retroactive as of July 1st, 2018. However, what I'm looking for is a program that can do the following:

Enter the 4 different corporations that we have "separately". Each building is owned by a separate corporation.
enter all 175 tenants we have with the lease expiration date, amount of the rent, phone number, and email addresses But to enter each tenant under their own building which is under the separate corporation.
Try to keep track of when the lease expired for each tenant
try to keep track of the tenant's rent due and balance and send an invoice if they didn't pay the rent on time
keep track of the expenses separated by each corporation and bank account. (each corporation has its own bank account and owns a separate building)
Keep track of repairs and work orders and even maybe keep track of the calls that come in from tenants asking for repairs.

When I created the account i used my management company name but then when I linked the accounts all the bank accounts are under this profile and I don't know how to separate them and create one account for each building, corporation and bank account on Quickbooks. Can I do that under this account that I set up? For instance, if I have to send an invoice to a tenant about a rent past due, I want to be able to send it under the corporation name which owns the building where he lives and not under my management company as well when i enter expenses and pay bills. I want to do everything under the correspondent corporation.

kcgeniz
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Thank You Mr. Garcia,
I would imagine I should have a copy of bank statement while doing this. I'm new. thank you.

raulalvarezmerino
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Clear-cut instructions. Thank you for this wonderful tutorial!

rachelhoustonrda
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Thanks for this useful info for reconciling QB

wandarobinson
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Love the hat! You should use it all the time!

aurora
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Can you show how to work with bank transfers

rosanneturkington
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Thank you for your help. Your tutorials saved the day.

gaugegamification
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I found your tutorials to be very helpful and easy to understand!

adelebouett
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I heard you can undo the reconciliation, but on my i do not have that option.

mayacargo
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Thank you so much. I took over my books and your video was very helpful.

littlemanrules
welcome to shbcf.ru