Certified Public Accountants, Pittsburgh, PA

Archived Newsletters and QuickBooks Tips

Quickbooks Account Reconciliation Tip 

Did you know you can use the “reconcile” feature on more than just bank accounts and credit card accounts? The reconcile feature can be used on a variety of balance sheet accounts including “clearing” accounts or loan payable accounts.

  1. Go to the reconciliation window within QuickBooks, and select the account you would like to reconcile.
  2. Enter the statement ending balance of the monthly loan statement.
  3. Add any interest expense to which was charged on the loan.
  4. In the reconciliation window, check off all the applied payments and interest. Once everything is reconciled to -0- difference and click “Finish”

This will help keep you up to date on making all transaction and having an accurate read on how much you owe on the loan or what your actual interest expense.

If you need assistance with the reconcile feature or any other QuickBooks issue, please do not hesitate to contact us.

To view previous QuickBooks tips of the month navigate to the link under the top menu bar under "Newsletters" titled "Archived Newsletters and QuickBooks Tips".

QuickBooks Advanced Search Tip

Have you ever tried looking for a transaction in QuickBooks and just could not find it? Try using the advanced search feature:

QuickBooks Online

In the search box click on the magnifying glass

Click on advanced search at the bottom of the box

Choose what you would like to search, use All Transactions if not sure (i.e. bills, checks)

Choose how you would like to search the transaction (i.e. by amount, name)

Fill in the corresponding information and search away

Desktop

Edit

Search

Choose what you would like to search, use All Results if not sure (i.e. bills, checks)

Choose how you would like to search the transaction amount (i.e. by amount, name)

Choose a Date Range if you would like to search by date