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To complete the reconciliation, make sure the difference shown is zero. This is useful for comparing the totals in your books to the totals on your bank statement. The bottom of the screen contains a running total of items you have checked off, and thus have been reconciled. With bank statement in-hand, you can systematically check off matching transactions one-by-one by clicking their boxes. In QuickBooks, choose the account you want to reconcile. QuickBooks organizes your data for you, making bank reconciliation easy. When you receive your bank statement or account statement at the end of the month, you’ll only spend a minute or two reconciling your accounts. With QuickBooks, you can easily reconcile bank accounts to ensure that the dollars you record are consistent with the dollars reported by the bank.Ĭonnect QuickBooks to your bank, credit cards, PayPal, Square, and more 1 and we’ll import your transactions for you.

The check date is the official payment date. The reason is that the date on the check will be the date that everyone else refers to. This is true regardless of cash or accrual basis accounting. Takes into account only those cheques that have been printed b. Answer (1 of 2): If it is a check you are writing, then the record will match the date on the check. The ending balance of a QuickBooks ‘Chequing’ register: a. In order for QuickBooks to balance properly, all cheques must be printed through QuickBooks (you cannot hand-write a cheque). To reconcile bank statements, carefully match transactions on the bank statement to the transactions in your accounting records. reconciliation report with data from the latest reconciliation 5. Reconciling a bank statement is an important step to ensuring the accuracy of your financial data.