QuickBooks for Mac 2014 User’s Guide 175
7 If this is an interest-bearing account (like a savings account), enter the amount of interest you earned
during this statement period in the Interest Earned Amount field. Enter the date your bank posted
the interest, the QuickBooks account you want to add this interest to, and the Class you want to
associate with this interest.
8 Click OK. The account window closes.
Now it's time to reconcile your transactions.
Step 2: Mark your transactions
Start at the top, with the first transaction listed in the Deposits and Credits section of the window. Then go on to
Checks and Payments below.
1 Match the first Deposit/Credit on your bank statement with the same transaction on the Reconcile
window.
Tip: Would it be easier to find and match transactions if the transactions in the Reconcile window
were sorted in order by Date, Check Number, Payee name, Memo, or Amount? Click any of the
column headers to sort the transactions. Click it again to reverse the sort order.
2 If the transaction amount matches with the same transaction on your bank statement, check the box
next to this transaction to mark it as cleared.
3 If the transaction amount doesn't match the transaction amount on your bank statement, double-
click the transaction in the window to open it, then correct the transaction.
4 If you find a transaction on your bank statement that is not shown in QuickBooks' list of uncleared
transactions, add the transaction now.
Step 3: Finishing Up the Reconciliation
After you've finished marking transactions, you've got just a few more steps to complete your reconciliation:
1 When you've finished marking the transactions, double-check the Service Charge, Interest Earned,
and Ending Balance amounts at the bottom of the window to make sure they match the totals of all
Service Charges, Interest Earned, and Ending Balance on your bank statement.
2 If they don't, click the amount link to open the Begin Reconcile window.
3 Make any changes, then click OK to return to the Reconcile window.
4 Look at the Difference amount in the bottom right corner of the Reconcile window:
o If the amount is 0.00 (zero): Click Reconcile. Congratulations! You've reconciled the account
with the statement. You can now print a reconciliation report (if you are reconciling a bank
statement), or pay your credit card bill.
o If the amount is not zero: Oops--your account doesn't balance for the period of time covered by
the statement, and you need to correct the difference. (Keep reading for help with this.)
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