Reconcile your bank account in QuickBooks 2013
Reconciling your accounts in QuickBooks is a lot like balancing your checkbook. This process helps ensure that everything is accounted for in your QuickBooks software and, consequently, ensure that your financial records are accurate.
1. From the Banking menu, select Reconcile.
2. Enter your bank accounts ending balance in the Ending Balance field. Adjust any other settings you may need.
3. Click Continue.
4. Check any items that match your bank account statement.
5. If your Difference is zero, congratulations! Click on Reconcile Now to finish your reconciliation and print your reports.
6. If your Difference is not zero, make a note of the difference amount.
Note #1: You may also choose to reconcile anyway by clicking on the Reconcile Now button and then click on the Enter Adjustment button on the new window to record the discrepancy. However, this is not recommended. Instead, continue to Note #2 below.
Note #2: If you see any items on the Reconcile screen that do not appear in you bank statement, you will need to delete these improperly recorded items as shown on the next three steps. Otherwise, skip to step 7 below.
a. Go to the Banking menu and click on Use Register.
b.Select your desired account from the drop down menu.
c. Right click on the items that do not match your bank account statement and click Delete. You will need to properly record any missing items as shown on step 7 below.
7. Reference your bank account statement to locate the missing items that you do not see on the Reconcile screen.
a. If these items pertain to your Intuit Payment Solutions account, please reference Record merchant fees and deposits in QuickBooks 2013.
8. Once your missing items are properly recorded in QuickBooks, go back to the Reconcile window.
9. Go back to step 4 above to checkmark your new items and finish your reconciliation.