Quickbooks 2021 Tutorial for Beginners - How to Reconcile Your Bank Account

In this Quickbooks 2021 tutorial for beginners, how to reconcile your bank account, I walk you through, step-by-step, how to reconcile your bank account in Quickbooks 2021.

Many new and experienced Quickbooks 2021 users simply do not follow and month-end close procedure that includes reconciling their bank account. Unfortunately, this can cause differences between the bank balance and your Quickbooks balance. The way to avoid this is to be sure to reconcile your bank account every single month, to ensure you don't have a Quickbooks 2021 bank balance that does not match the bank.

Discover how to reconcile your bank account in Quickbooks 2021 the right way, by following all the steps I outline in this video.

[QbuniversityOrg]

Feel free to leave a comment or question here!

[breeyli]

To continue the reconciliation process of your checkbook… would you manually add/subtract everything that hasn’t cleared? To get your exact balance…

[mabc]

I was not able to locate the video you reference around 3:30. Can someone please link me it? Thank you.

[jamesoldman]

This is an odd question but for a charitable organization would you recommend cheques? Reason I ask is the previous Secretary/Treasurer started paying everything either on line or by EMT transfers. When I check back I have to look for an invoice for that amount. No invoice number or anything recorded. I know doing things electronically is the way everyone is moving I just feel uncomfortable with not being able to see an invoice/cheque number on payments. I started today so don't have to worry for a couple of weeks. Just wondering if I should switch back to cheques or continue on this way and enter more info into QB. Each EMT transfer also costs $2.00 so the cost at end of month does add up.

[carolbracken]

I am in need of training in desktop quickbooks to reconcile monthly. I have done all the entries up to that point and had a QB person finish the monthly reconciling. Is there a step by step process and ability to consult with someone on this?

[meypuim]

If a transaction on the bank statement is a check image fee, do I need to record that as a journal entry? Because on the reconciliation page, you have to enter service charges if there is one.

[meypuim]

Where do I locate the reconciliation detail report?

[Currambero]

Hi, How do I record in QuickBooks a 401K Contribution from owner? I do not have Payroll, Do I need to turn on Payroll? Thanks