With today’s technology, many businesses use the bank’s online banking systems to keep an eye on their account balance. While this habit prevents overdrafts, it doesn’t replace the need to reconcile the bank account in QuickBooks. If the bank account isn’t reconciled, the financial reports are very likely to be incorrect. Was a check double-entered or a debit card transaction forgotten? Were all of the deposits recorded? Reconciling the bank account keeps the integrity of the account and reports. Call the Ketel Thorstenson QuickBooks ProAdvisor Team with any questions.
Jessi joined Ketel Thorstenson in 2015. She is an Associate in the Accounting Services Department and a QuickBooks ProAdvisor.