Royalwise OWLS: Reconciling in QBO
(On-Demand Web-Based Learning Solutions)
Price: $37
Click to register:
https://learn.royalwise.com/visitor_catalog_class/show/657258/Reconciling-in-QBO?affiliate=1712352
Even if you use the QuickBooks Online banking feed, it’s not a guarantee that your bank balances are correct. And when you have extra or missing transactions, your Profit & Loss and Balance Sheet are wrong!
Reconciliation is the monthly step to confirm your checkbook balance, credit cards, liabilities, and loans have been entered correctly. The problem is that most businesses reconcile the transactions that ARE on the statement, but ignore the ones that are not.
That’s not Reconciling, that’s “reconciling,” and the result is that you may be paying your taxes wrong!
In this class, not only will Alicia show you how to reconcile properly, but she’ll show you how to trick out the interface to finish in seconds instead of hours.
Even better, learn how to identify errors in your accounting data by how they appear in your Reconciliation window. Use reconciling as a troubleshooting tool for duplicated entries, misclassified categories, transactions coded to the wrong funding source, and receipt captures that didn’t match the banking feed.
In this class, you'll learn about:
- How to connect your bank accounts to your QuickBooks®
- How to import new transactions as they clear the bank
- How to import previous transaction history
- How to classify transactions through the Bank Feed to save time on manual data entry
- Which transactions you should NOT import automatically
- Workarounds for bank feed issues
- Why you should reconcile even if you’re importing
- How to reconcile your bank account transactions with your monthly bank statement
- Tips and tricks wile reconciling that will save time and frustration
After completing this course, you will be able to:
- Describe how to Reconcile your bank accounts and credit cards accurately
- Explain how to Troubleshoot stray transactions and know how to remove them
- Discuss workarounds for bank feed issues
Instructional Level: Intermediate
Course Length: 1 hour
Course Credits: 1 CPE, Certificate of Completion
Field of Study: Computer Software & Applications
Delivery Method: QAS Self Study
Who should take this class?: Business owners and employees who maintain their company’s financial records and Bookkeepers and Accountants who wish to brush up on their skills
Advance Preparation: None
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