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A
Amivan2020
January 4, 2022
Question

Bank Transactions

  • January 4, 2022
  • 1 reply
  • 0 views

Hi there; 

 

I open up my company on August, and I changed my credit card from personal to business form. The problem is now I want to reconcile my credit card account but there are a lot of personal transactions being appeared which I am not sure how I should manage them. Should I create a new account and call it personal and post them all there? or is there any other suggestion you have for me to get rid of the transactions which are not related to my business from the previous months?

 

regards,

Amivan

1 reply

J
JamesM4
January 5, 2022

Hi Amivan, 

 

Welcome to the Community. Reconciling your accounts can be a lengthy process and I'm glad you've reached out for help. QuickBooks provides the tools you need in order to accurately reconcile your accounts with peace of mind. I'll be happy to point you on the right path with this. 

 

Based on what you've described, I recommend reaching out to 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.  For reference, here' are some helpful article that provide helpful info about reconciling accounts in QuickBooks: 

Feel free to check out the article and let me know if you have questions. I'm here to assist. 

A
Amivan2020Author
January 5, 2022

Hi James,  

 

Thank you for your reply. I know how to reconcile the accounts, and thank you for the links. my only confusion is Should I exclude those unrelated transactions or I need to post them as personal?

Please kindly explain more for me.

 

Thanks, 

Amivan

J
JamesM4
January 5, 2022

I see what you're saying. I recommend getting in touch with an accounting professional so they can share expert advice on how to post the transactions in question. Otherwise, feel free to reach out if you need anything else. 

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