Banking Module

How to Reconcile a Credit Card Statement & Pay it in QB’s

Continuing on from the last session, where I showed you how to enter in credit card charges, I will now explain how to reconcile them. The reconciling feature in QuickBooks can be used for most accounts and I would strongly suggest that you use it for reconciling credit cards, Due to/From accounts, term deposits and investment accounts –  besides your bank account. Since I have already...

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How to Enter a Credit Card Charge in QuickBooks

Is there really anyone in the business world that does not use a credit card in their business transactions? I mean, it’s just a part of doing business these days and QuickBooks is no exception. Read on, as I am going to show you how to enter in a credit card charge. Before I begin, I would make sure that I have a credit card account  and if not, set one up by going to Chart of Accounts,...

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QuickBooks Banking- Viewing Cleared Transactions in Register

I have been writing recently about the Banking module and specifically reconciliation of the bank account, printing of it, and will now follow up with another way to view your cleared transactions. This is done through your Bank Register. There are two ways to open the register, one is by clicking on the Register icon on your Icon Menu or by clicking on Banking on your Menu Bar/Use Register...

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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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QuickBooks Bank Account Registers and their Use

All the accounts that you set up in QuickBooks have a register behind the scenes. There are a couple of ways you can view this register, one would be to go to the Menu Bar, highlight Lists/Charts of Accounts and double click on it. The other way is from your Home page and in the Banking module select Cheque Register.  From the screen shot to the left, this displays that method where you can...

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