Two QuickBooks Reports to Reconcile Accounts

September 30, 2023

You want to check your QuickBooks file for accuracy on a regular basis. The easiest way to double-check your entries is by reconciling your accounts regularly. We suggest reconciling your accounts at least on a monthly basis. If you are using QuickBooks for property management, don’t forget to reconcile your security deposit account!

The Reconciliation Discrepancy report shows the cleared transactions since you reconciled an account. If QuickBooks and your bank statement show different beginning balances, this report can shed light on why this happened. You cannot customize this report.

After reconciling an account, you can print your reconciliation report to keep with your bank statement. If you want to print a previous reconciliation, view the Previous Reconciliation report. You can choose the Summary report which gives an overview for the period selected or the Detail report which lists all transactions in the cleared period.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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