Reconciliation is one of the most important and powerful process that allows you to manage all the banking transactions QuickBooks MAC. It ensures that the transaction you record in QuickBooks match the activity in your bank.
Reconciliation is a process that needs high accuracy because any mistake will affect the whole process in your business. However, if you have any kind of query then you can get in touch with the QuickBooks Payroll Support Phone Number.
In this article, we will be explaining the features of QuickBooks Reconcile Tool and the issues that users face while doing this process in QuickBooks.
What Is Reconcile In QuickBooks And Usages?
Process of balancing a chequebook is known as reconciliation. It allows you to compare the transactions recorder in online version of QuickBooks against the transaction processed through your bank.
You can reconcile only the cash-flow accounts. You only will find the accounts listed on your balance sheet in the drop-down box as options to reconcile.
You also need to ensure that the statement is appearing in your bank statement is also recorder in your checkbook. You also need to know the available for that period and find out some unknown transactions in your balance sheet. Reconciliation also helps you to see all the unknown charges and deductions.
The Issues Related To Reconciling In QuickBooks For Mac Operating System.
Reconciling in QuickBooks is a great feature but sometimes users may face some issues while trying to Reconcile bank account as a specific date and they couldn’t find out where to enter the ending date of statement. Here we will be providing you the easiest way to resolve such issues. You need to follow the below mentioned steps to do so:
- Click on Banking menu and select the Reconcile option from the drop-down list
- In the Ending Balance section, enter the ending balance of your statement.
- Ensure all the cleared transactions under the Deposits and other box. Also check the payments and checks. Once you are ensure, click on Reconcile
- You will receive a congratulation message. Now select report that works best for you.
- If you don’t want a report then click on Close and then click on Display
QuickBooks Reconciliation Support
Once you complete the above mentioned steps, you will be able to reconcile your bank transactions in QuickBooks for MAC.
However if you are not able to resolve these issue then you are recommended to get in touch with us at our QuickBooks Tech Support Phone Number +1-866-701-7446 toll-free.