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C
ConA
February 20, 2023
Question

reconciliation of bank account with posted cashback

  • February 20, 2023
  • 1 reply
  • 0 views

How to reconcile bank account with posted cashback rewards? What do I need to record to have the cashback amount in Deposits and Other Credits? 

Thank you

1 reply

C
ConAAuthor
February 20, 2023

To clarify, my bank does not apply cashback to credit card balance, but gives money back to my bank account. How to records this credit to the bank account in QuickBooks? Thank you

J
JamesM4
February 20, 2023

Hi ConA,

 

Welcome to the QuickBooks Community. Reconciliation can be a lengthy process and I'm glad you're using QuickBooks to help streamline this process. QuickBooks is designed to help you save time so you can do the things that you enjoy the most. I'll be glad to share more information about reconciling your accounts. 

 

Based on what you've shared, I highly recommend getting in touch with an accounting professional for expert advice on how to handle the transactions. If you're not in contact with a professional, don't worry, you can search for one using this link here. Otherwise, I recommend you to check out these helpful resources with more info about reconciling in QuickBooks:

 

 

I encourage you to go through the articles above as they provide helpful information which will help you complete your reconciliation with ease. If you have questions, don't hesitate to reach back to me here. Otherwise, I wish you a great rest of the week.

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