How to reconcile credit cards in QBO
This video will show you how to reconcile the credit card accounts in Quickbooks Online.
This video will show you how to reconcile the credit card accounts in Quickbooks Online.
If you have a QuickBooks Online account, you should be performing monthly reconciliations for each business checking and credit card account you have. Reconciliation is the process of matching your bank statements to your QuickBooks registers. This process ensures that you do any course correction such as dealing with QuickBooks duplicate entries or bank errors. Before you can reconcile, you will need to obtain your monthly statement from your bank. A checking account statement will have the following: Account Number Beginning Balance Ending Balance Date range period Summary Information that is helpful for the person reconciling: Subtotal of Deposits and Additions (Instances) Checks Paid (Instances) ATM & Debit Card withdraws Electronic withdraws Other withdraws Bank [...]