How to do a Bank Reconciliation

############################# Video Source: www.youtube.com/watch?v=m8B-dXigKCk

Tim Yoder from Fit Small Business provides shows how to complete a bank reconciliation. • Let QuickBooks Live reconcile your bank accounts. https://go.performi.com/goto/quickboo... • Reconcile your own bank account with QuickBooks Online. Visit QuickBooks for a free 30 day trial or 50% off for three months: https://go.performi.com/goto/quickboo... • Read more details about reconciling your bank account: https://fitsmallbusiness.com/how-to-d... • ========================================================================== • Chapters • 00:00 Intro • 00:09 Step 1: Ensure the prior period is reconciled and gather reconciliation documents • 03:46 Step 2: Trace deposits from the bank statement to the check register • 07:37 Step 3: Trace withdrawals from the bank statement to the check register • 11:00 Step 4: Enter any missing transactions identified in steps 2 and 3 into the check register • 11:59 Step 5: Reconcile the bank statement balance to the check register balance and create a Bank Reconciliation Statement • 13:37 Bank Reconciliation Using QuickBooks Online • 14:08 Step 1: Enter the ending bank statement balance, service charges, and interest earned • 15:04 Step 2: Tick the transaction that you can see in the bank statement • 16:39 Step 3: Record book reconciling items • 17:04 Step 4: Complete Reconciliation • 17:19 Step 5 (Optional): Generate a Bank Reconciliation Report • 17:56 The Importance of Reconciling a Bank Statement

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