bank

QuickBooks OnLine Bank Transactions Download & HSBC Problem

This may be old news for you current global HSBC bank users, that is, trying to download your bank transactions into QuickBooks. For you new or those of you deciding to bank with HSBC, here’s a flash! DON’T!! Even though this current client is located in Vancouver, BC Canada, this is a problem for HSBC clients globally. It wasn’t hard to find people in a number of other...

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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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Setting up Bank Accounts and Opening Balances

Setting up Bank Accounts and Opening Balances

  The Opening Balances in QuickBooks relate to the Balance Sheet accounts. If you are starting somewhere in your fiscal year, say after the first quarter, then you will have to input those figures for all the accounts using a General Journal entry. I will first deal with using the account setup and opening balance features before addressing the journal entry. Bank Account – Now you may...

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