Bank Reconciliation Month #1 Reports 9.14

QuickBooks Online 2021 bank reconciliation month one, in other words, the first bank reconciliation for our data input as we entered into the QuickBooks on line system, we’re going to be focusing in on the report, the bank reconciliation report. Well, let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars a practice problem, we’re now going to take a look at the bank reconciliation report after the first month of the bank reconciliation process to do so let’s first open up our report, go to the tab up top right click on it, duplicate that tab, we’re going to be opening up then our balance sheet report going down to the reports.

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Cash Internal Controls Overview

In this presentation, we’re going to introduce the internal controls related specifically to cash, cash internal control goals, these are going to be the objectives of the internal control system over cash, we want to have the cash handling separate from the record keeping. So whoever is handling the cash, we would like to have them not be the same person doing the record keeping. And therefore we have that separation of duties. We have the person that is entering the data, not having as much of an incentive to steal the cash because they’re not the ones handling the cash, the people handling the cash, know that if they do steal it, the record keeping should pick that up, and they are a separate person. cash receipts are deposited to the bank. We want to make sure that the cash receipts are going to the bank as soon as possible, hopefully on a daily basis, so that we’re not actually emulating cash. We don’t want a cash to be piling up, because if it is then we have a greater risk of theft to happen and greater loss if that does happen.

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Bank Reconciliation Second Month Part 3 9.17

This presentation we’ll continue on with our bank reconciliation process for the second month of operations, this time finalizing the bank reconciliation process and reviewing the bank reconciliation report. Let’s get into it with Intuit QuickBooks Online. Here we are with our get great guitars file, we’re going to start off with our reports down below. So I’m going to go to the to the reports and we’re going to go to the reports on the bottom left. Let’s open up that balance sheet report.

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Bank Reconciliation First Month Part 3 Review Report 9.12

This presentation and we’re going to continue on and finalize our bank reconciliation for the first month of operations. Then we’re going to review the bank statement reports. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file. I’m going to start off this time by opening up our report. So we’re going to go to our reports down below. We’re going to be opening up first the balance sheet report. So let’s open up the balance sheet, our favorite report down here, we’re going to change the dates up top, we’re only looking at the first month at this point in time.

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