June, 2011

QB’s Quik Tip for the Day – Previous Reconciliation Reports

In the previous QuickBooks tip – Printing Bank Reconciliation Reports, I mentioned that if you had QuickBooks Pro you would only be able to print the current Bank Reconciliation Report. There is another way to print this report using the QuickReport feature and a few modifications. Read on and I will show you how. Starting at your Home page as usual, click on the Chart of Accounts icon,...

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QuickBooks Tip for the Day – How NOT to Reconcile your Bank

IMPORTANT: DO NOT under any circumstances, reconcile your bank account/s using the Register. Here’s why. Every once in a while I still come across someone who has not understood how to reconcile the bank account using QuickBooks Reconcile feature. I’m not sure why they would have disregarded the message, but for anyone new, please read the screen shot on the left carefully, as it is...

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QuickBooks Quik Tip – Printing Bank Reconciliation Reports

Only QuickBooks Premier will allow you to go back to print a previous bank reconciliation report from more than one month. QuickBooks Pro will NOT! So make sure to print each month’s report when you are in the Select Reconciliation Report window. Footnote:www.quickbookstrained.com is now mobile friendly. From the web address you can choose Options/Mobile formatted and the site will...

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QuickBooks Banking – Reconciling Chequing Accounts

Reconciling bank accounts is a procedure that must be done for all companies in a timely manner. By timely, I don’t mean at the end of the fiscal year either – I mean every month. You owners and managers out there, hopefully realize that through the bank comes all monies in and out, so for control purposes the reconciliation is a key component in running a business. All valid...

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QuickBooks Banking – Transferring Money Between Accounts

Recording the transferring of money in QuickBooks between accounts is quite easy. I am going to use the sample company to transfer $5,000 from chequing to savings to show you how. From the Menu Bar choose Banking/Transfer Funds. Starting from the Date field I will enter in the following information. Transfer Funds From– Chequing Account, Transfer Funds To – Savings, Transfer Amount...

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