QuickBooks 2010 ProAdvisor Certification Course Section 3 –204 Module 6 –Banking Lesson 1 –Introduction to Banking Video Commentary QuickBooks makes it easy for your clients to keep track of banking and credit card transactions. Clients use the bank reconciliation feature to make sure their records in QuickBooks match the banks records exactly. And, if your client uses online banking, the built-in Online Banking Centercan send and receive transaction informationright from QuickBooks. As you know, reconciling the bank statement to QuickBooks is a vital step in ensuring the accuracy of your client‘s books. When you or your client reconciles the bank statement, it helps uncover errors throughout QuickBooks. For example, bank deposits from the statement that weren‘t recorded in QuickBooks might indicate problems with the sales cycle and Undeposited Funds. By the end of this module, you will learn how to use QuickBooks to help your clients keep accurate banking records. You‘ll also learn how to void checks, and how to use QuickBooks to manage loan information. And finally, you‘ll learn about reports you and your clients‘ can use to find information about checks, deposits and other banking transactions. END Welcome! In this module, you'll learn how to record and report on banking and credit card transactions in QuickBooks. After completing this module, you will be able to do the following: Void checks from both the current and prior fiscal periods Reconcile bank and credit card accounts Use reports to find information about banking transactions Manage loan information In the next lesson, you'll learn how to identify bank-related features in QuickBooks.
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