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Banking Center And Reconciliation In QBO

Banking Center And Reconciliation In QBO


Simpliv LLC

Summary

Price
Save 80%
£10 inc VAT (was £50)
Offer ends 31 December 2020
Study method
Online, self-paced
Duration
2 hours
Access to content
Lifetime access
Qualification
No formal qualification
Additional info
  • Tutor is available to students
  • Certificate of completion available and is included in the price

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Overview

How to connect your bank accounts to your Quick Books®
How to import new transactions as they clear the bank
How to import previous transaction history
How to classify transactions through the Bank Feed to save time on manual data entry
Which transactions you should NOT import automatically
Workarounds for bank feed issues
Why you should reconcile even if you’re importing
How to reconcile your bank account transactions with your monthly bank statement
Tips and tricks wile reconciling that will save time and frustration

Description

One of the best features in QuickBooks® Online is the ability to connect your bank accounts and credit cards. The Banking feed allows you to pull in your transactions and classify them automatically, instead of entering everything in by hand. We’ll also show you how to reconcile your accounts at the end of the month so that you can have confidence in your numbers.

Eliminate manual data entry! In this tutorial on QuickBooks® Online Banking, we’ll show you how to add a bank account to QuickBooks, import and match transactions, categorize your expenses, and attach receipts. After you itemize your deductions, do a bank reconciliation.

One of the best features in QuickBooks®Online is the ability to connect your bank accounts and credit cards. The Banking Feed allows you to pull in your transactions and classify them automatically, instead of entering everything in by hand. Automation features like Rules do some the work for you. The new Receipt Capture will even scan your paper receipts and attach them to your expenses.

But…the Banking feed has some interesting quirks you need to know about. If you use it right, you can reduce your data entry to almost nothing...but if you use it wrong, you double your income and code your expenses wrong.

Once you’re up to date, we’ll also show you how to do bank reconciliations to reconcile your accounts at the end of the month so that you can have confidence in your reports.

Who this course is for:

Business owners and employees who maintain their company’s financial records
Bookkeepers and Accountants who wish to brush up on their skills.
Basic knowledge
Nothing is Basics are Required

Using the QBO Banking Feed

Banking Rules

Troubleshooting the Banking Feed

Reconciling Your Accounts

Corporate Credit Cards

Receipt Capture

Who is this course for?

Business owners and employees who maintain their company’s financial records
Bookkeepers and Accountants who wish to brush up on their skills.

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A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

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