QuickBooks for Mac 2014 User’s Guide 19
Entering bank and credit card transactions
When you entered your other transactions, QuickBooks automatically recorded:
• Checks you wrote to vendors to pay your bills
• Checks you wrote to pay sales tax you collected
• Deposits of payments your customers made to you
And you can see all of this in QuickBooks. Just go to your Chart of Accounts (on your List menu) and open your
bank account. You can see all of these transactions in that register. There it all is! Look at all the progress you’ve
made.
Why did I have you do this? I wanted you to see that a lot of your banking-related transactions are already there.
You shouldn’t enter any checks or deposits unless you’re sure they aren’t already in your register. You don’t want
to end up with double payments and deposits. You may want to print out this register (Command-P) to use as a
reference as you go along.
Gathering the information you’ll need
Here’s what you’ll need to enter your remaining transactions. Remember, you’ll only need to enter transactions
from the start date you entered for your company file to today.
• Checks you’ve written
• Deposits you made
• Bank statements showing fees, interest earned, and transfers
• Credit card statements showing charges and payments made
“I want to be able to reconcile my account, but my bank account opening balance is from the statement prior to
my company file’s start date. If I’m only supposed to enter transactions between my company file’s start date
and today, what do I do?” In this case, go ahead and enter all the unrecorded checks and deposits from the period
between your statement date and your company file’s start date. This will make sure that your bank account
balance is correct.
Entering your bank transactions
To Next Page
Loading...