You're reading from Mastering QuickBooks 2024 Bookkeeping with US QuickBooks Online for small businesses

Product type Paperback

Published in Dec 2023

Publisher Packt

ISBN-13 9781835469958

Length 570 pages

Edition 5th Edition

Tools

QuickBooks

Concepts

Business Management

Author (1):

Crystalynn Shelton

View More author details

Table of Contents (27) Chapters

Preface

1. Section 1: Setting Up Your Company File FREE CHAPTER

2. Getting Started with QuickBooks Online

3. Company File Setup

4. Migrating to QuickBooks Online

5. Customizing QuickBooks for Your Business

6. Managing Customer, Vendor, and Products and Services Lists

7. Section 2: Recording Transactions in QuickBooks Online

8. Managing Sales Tax

9. Recording Sales Transactions in QuickBooks Online

10. Recording Expenses in QuickBooks Online

11. Reconciling Uploaded Bank and Credit Card Transactions

12. Section 3: Generating Reports in QuickBooks Online

13. Reports Center Overview

14. Business Overview and Cash Flow Reports

15. Customer Sales Reports in QuickBooks Online

16. Vendor and Expenses Reports

17. Section 4: Managing Employees and Contractors

18. Managing Employees and 1099 Contractors in QuickBooks Online

19. Section 5: Closing the Books and Handling Special Transactions

20. Closing the Books in QuickBooks Online

21. Handling Special Transactions in QuickBooks Online

22. QuickBooks Online Advanced

23. Shortcuts and Test Drive

24. Intuit QuickBooks Online Certified User Exam Objectives

25. Other Books You May Enjoy

26. Index

Troubleshooting tips for reconciling bank and credit card accounts

There will be times when you might encounter an issue with reconciling your bank or credit card statements to QBO. If you are having trouble with getting to a $0.00 difference as shown in step 3 above, here are a few troubleshooting tips you can try:

Narrow the search down to the transaction type. To do this, compare the total withdrawals on the bank/credit card statement to the total payments in the reconciliation window, as shown below:

A close up of a price Description automatically generated

Figure 9.20: Reviewing total payments and total deposits

If they do not match, there is an issue with a payment (withdrawal). Do the same comparison for the deposits. Compare the total deposits on the bank statement to the deposits shown in the reconciliation window. If they do not match, you have an issue with deposits.
If you discover that you are out of balance for both the payments (withdrawals) and the deposits, tackle them separately...