QuickBooks Bank Reconciliation

by Ingrid
(New York City)

Bank Reconciliation-has not been performed in two years

Hello,

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.
Ingrid

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!






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