How quickbooks helps you with banking
Quickbooks helps you setup, maintain, and track all the financial accounts and activity your business needs to stay ahead of the crowd. When properly maintained QuickBooks can simplify the stressful task of tracking money. Prior to beginning this process you may want to gather a few items that will be needed to set up your accounts in QuickBooks. Banking Information: Routing number, account number, current balance, etc. Now that you are prepared with all your banking information handy; let’s set up your account in QuickBooks. Do not be nervous, if any mishaps or typos occur, they are 100% fixable with this program. So take a deep breath and we’ll take this one step at a time. First go to the toolbar at the top of the page. Click on the Company menu, a list will drop down. At this point you want to select Lists; a second list will pop up. Here is where you can access lists to every aspect of your company, but we are only interested in one particular one at this point, Chart of Accounts. The Chart of accounts can appear intimidating, but do not fret you are going to master this program soon enough. Notice that some accounts are already set up; these are merely some commonly used expense and income accounts preset for your convenience. Alright now let’s continue setting up your bank account; take your mouse and anywhere within that Chart of accounts right click. A small box will appear, select new. The Add New Account window will open and the fun begins. Since we are setting up your bank account, select Bank for the account type then press continue. In the field Account name you have a few options to choose from. · Enter the name of Financial Institution (very common) · Enter either checking or savings · Enter any nickname you want to utilize for your primary bank account. Once you have named the account, press Tab button on keyboard. The next step is optional; if you choose to utilize the account number then enter in this field. Now you have arrived in the area requesting the Opening Balance; if this account has never been utilized DO NOT enter anything in this field. On the other hand if this account has been used, enter the information from your LAST bank statement. The following step is optional as well; there is a field where you can place a check number if you would like a reminder to order checks. After that final field, you must then complete this vital step. In the lower right side of screen you will see the button Save & Continue; right click there. Your chart of accounts screen will appear, at the top of this list you will see the account you just added. Pat yourself on the back; you have successfully added an account to your program. To add additional bank accounts, you would just repeat the procedure for each one individually. To edit or review any of the information of this account, highlight the account then right click. From the drop up list select Edit Account; this will bring you to the area where you can review and/or change any information you entered in the account properties. Back to Home Page
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