In the Account field, enter the account you want to
In the Statement Date field, enter the date of the bank
statement you are trying to match.
Compare the opening balance amount shown on your statement with the amount
shown in the Beginning Balance field in the Begin Reconciliation window.
If the opening balances are different, either use the Locate
Discrepancies button to view different types of reports, or if the
difference is small, plan to enter an adjustment.
Find the ending balance on your statement and enter it in the Ending Balance field.
Enter any service charges or interest earned in the fields provided.
If the financial statement shows a service charge or interest that you have
not yet entered into your QuickBooks records, enter those amounts into the Service Charge and Interest Earned fields.
In the Account field for Service Charges, enter the Expense Account you use to track service charges. In the Account field for Interest, enter the Income Account
you use to track interest income.
Click Continue to open the Reconcile window for the account you've chosen.
The Reconcile window displays a list of checks and
payments, plus a list of deposits and other credits. Using your latest bank
statement, check each of the entries to make sure they match.
If you'd like to change the display to see fewer columns, or add columns,
click the Columns to Display button and modify
When you find a transaction in the Reconcile window
that matches a transaction on the statement, Click the transaction to mark
it as cleared.
For each transaction you select, verify that its amount matches the amount
listed on the statement.
If some amounts don't match, or if you find transactions that contain other
errors, correct the
If you find a transaction on your statement that is not shown in the
QuickBooks list of uncleared transactions, enter the transaction
When you've finished selecting the transactions, look at the Difference
amount in the bottom right corner of the Reconcile
If the amount is 0.00. Click Reconcile
Now. You've reconciled the account with the statement.
If the amount is not zero. Your account does not
the period of time covered by the statement, and you need to correct the
Click the Finish button when
your reconciliation is complete. You may also click the Leave button to finish the reconcile
later. QuickBooks Simple Start will save your work so that you can
finish at a later time.