What is Bank Reconciliation?
To ensure the accuracy of financial data you need reconcile your bank statement. In order to reconcile bank statements, you need to match ever transaction carefully on the bank statement to the transactions recorded in your accounting records. With the help of QuickBooks, you can easily reconcile bank accounts and ensure that every dollar you spend is recorded and is reported by the bank consistently. To know more about Bank Reconciliation in QuickBooks call QuickBooks Support Phone Number.
What are Reconciliation Reports?
As soon as you finish reconciling accounts in QuickBooks it automatically generates a reconciliation report. The ending and the beginning balances are summarized and transactions are listed whether they are cleared when the accounts are reconciled. These reports are also used in the next month process of reconciliation.
How to view previous Bank Reconciliation Reports in QuickBooks?
Previous reconciliation reports can be created with the help of which show that you reconciled an account for a previous reconciliation period. These reports can be used if you have issues in reconciliation troubleshooting or you are looking for account discrepancies.
With QuickBooks Desktop Premier, Accountant and Enterprise you get access of the last 120 Previous Reconciliation reports.
QuickBooks Desktop Pro only gives you the access of the last reconciliation report created. You can save it as PDF if you wish you keep a copy of other reports in your hard drive. You can also use other options such as upgrading to QuickBooks Premier of higher or exporting the report to Excel.
How to view the Previous Reconciliation report
• Select Banking and then click on Previous Reconciliation, from the QuickBooks reports menu.
• Select the appropriate Account and the Statement Ending Date in the Previous Reconciliation Report window
• Select the Type of Report.
• Select the type of transactions you want to include in the report.
Transactions which were cleared at the time of reconciliation
This report shows you what was reconciled and is a snapshot of your previous reconciliation.
This report opens as a PDF file.
If you want to print this report, click on the Print icon at the top of the PDF window. Also, you can right-click the report and then select Print.
If you want to save the report, click on the floppy disc icon. Also, make sure that you choose a location on your computer and assign an appropriate file name to the report.
Transactions are cleared and changes are made to those transactions.
Current state of each transaction which was cleared in your previous reconciliation for this account can be seen in this report.
Transactions that have been deleted or assigned to another account which are no longer available can be seen.
You can then print, modify, or export the information in this report and use it in other programs, such as Microsoft Excel. This report opens up as a QuickBooks report.
• Click on Display.
To know more call us at QuickBooks Support Phone Number 1-800-593-0163