credit card reconcile

I'm here to help you reconcile your credit card account, avia1.

I recommend getting advice from an accountant first to determine how to handle the transaction in QuickBooks because the account has a previous balance. While waiting for the complete details, let me share some information to make the reconciliation process easier:

• If you only want to see transactions for the statement period you're working on, select Hide transactions after the statement’s end date.
• If you're reconciling a credit card account, the sections are Charges and Cash Advances (purchases) and Payments and Credits (payments to the credit card company). Focus on one section at a time.
• If you’re reconciling an account for online banking, select Matched. Then, enter the statement ending date from your bank statement. This automatically selects transactions QuickBooks downloaded and matched.
  Note: A matched transaction in the register has a lightning bolt next to it. A checkmark replaces the lightning bolt after you reconcile it.
• If you want to sort the list, select the header or title of a column.
• If there are more transactions in QuickBooks than there are on your bank statement, resort the list.

When you have the information handy, input the entry as suggested by your accountant in the desktop program. Before doing so, create a backup of the company file to avoid accidental loss. Next, proceed with the steps below to reconcile the account:

1. Head to the Banking menu on the left panel and choose Reconcile to open the Begin Reconciliation window. 
2. Choose your credit card from the Account drop-down. 
3. Enter the date of the credit card statement in the Statement Date field, and then make sure the beginning balance on the credit card statement matches the amount in the program's Beginning Balance field.
4. Type the ending balance from the credit card statement in the Ending Balance field. 
5. Enter the service charge and interest earned based on your credit card statement. 
6. Review the fields and select Continue or OK.

To finish the reconciliation process, perform Step 4 in this article: Reconcile an account in QuickBooks Desktop. It includes links on how to fix the opening and beginning balances.

Also, I'm adding these articles as your guide anytime you need help troubleshooting reconciliation issues: 

• Fix issues when you're reconciling in QuickBooks Desktop
• Reconcile previously deleted and re-entered checking or credit card transactions

If you have any further questions about balancing your credit card account or other QuickBooks-related concerns, click the Reply button and leave them in the comment box. I'm always willing to assist and make your business run smoothly. Have a wonderful rest of your day.