QuickBooks Bank Reconciliation

by Ingrid
(New York City)

Bank Reconciliation-has not been performed in two years


I started assisting a small business with their bookkeeping records. Apparently all the entries have been recorded in Quickbooks but no bank reconciliations have ever been done since it was set up in Jan. 2009.

Can I go back and reconcile in Quickbooks, month per month? I have all the bank statements and everything else seems to be in order.

I need to supply them with a General Ledger, soon and this is the only way to get a somewhat accurate report. What do you suggest I do?

Thank you in advance.

image of fancy scroll lines

Hi Ingrid,

Yes you can go back and start doing the reconciliations. One of the great features of QuickBooks is it does not close off access to prior years when you start a new year.

After you have reconciled a period, I would go in and set the close date so entries in your reconciled period can't be changed.

Good Luck!

P.S. I would like to remind you there is a difference between information and advice. The general information provided in this post or on my site should not be construed as advice. You should not act or rely on this information without engaging professional advice specific to your situation prior to using this site content for any reason whatsoever.

Comments for QuickBooks Bank Reconciliation

Average Rating starstarstarstarstar

Click here to add your own comments

Mar 01, 2011
Quickbooks Bank Reconciliation
by: Ingrid

Thank you for your assistance-really appreciated.

Mar 03, 2011
Has Not Been Performed in Two Years
by: Ingrid

Another question:

If 2 separate accounts have been set up for 2 credit cards used by the partners for purchases that are tied into the company's checking account, do those two accounts need to be reflected in the reconciliation? How is that done? Please advice.

image of fancy scroll lines


If the credit card accounts are used solely for business purchases, you need to reconcile them too.

When a payment is made to the credit cards from the company's bank account, you go to the banking menu and choose "write a cheque" charging it to the credit card accounts or use the "transfer of funds" between two accounts ... your choice.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Learning QuickBooks.

Share this page:
Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

Enjoy A Tea Break With
Me Today. Let's Chat!

Use the search feature to quickly find the
information you're looking for.

Your Learning Curve!


Warm up your tea cup and check out these chats ...

Click on image above to read the chat.

Join Me On Facebook

Help support this site by "liking" me! Here's where I post current information.

Listed Under Websites NOT Local Business.
This website is NOT associated with the business operating in Bonnyville AB.

A Handy Reference