Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
posted
Best answer December 31, 2022
Solved
Best Answers
Look no further, @pgtorpey. I have the instructions you need to reconcile your brokerage account.
It's important to regularly reconcile your account to ensure that your records are accurate and up-to-date. This process helps you identify and resolve any discrepancies between your records and bank statements. It can also help you identify any unauthorized transactions or other issues that need to be addressed.
To start reconciling your brokerage account in QuickBooks, follow these steps:
- Go to the Accounting menu and then Reconcile.
- Select the account you want to reconcile in the Account drop-down menu.
- QuickBooks will automatically populate the beginning balance. Make sure it matches the one on your statement.
- Enter the ending balance and date as shown on your brokerage statement.
- Click Start Reconciling.
- Compare the transactions on your brokerage statement with what's in QuickBooks. Mark each one as cleared that appears on your statement by putting a checkmark next to it. To speed things up, those entries that you added or matched from online banking are already selected for you.
- When you reach the end, the difference between your statement and QuickBooks should be $0.00. If it is, select Finish now.
You can also check out our complete reconciliation guide, which includes a demonstration video: Reconcile an Account.
Be sure to let me know if you have concerns while reconciling your accounts. I'm here to lend a helping hand. Have a good one, @pgtorpey.
Look no further, @pgtorpey. I have the instructions you need to reconcile your brokerage account.
It's important to regularly reconcile your account to ensure that your records are accurate and up-to-date. This process helps you identify and resolve any discrepancies between your records and bank statements. It can also help you identify any unauthorized transactions or other issues that need to be addressed.
To start reconciling your brokerage account in QuickBooks, follow these steps:
- Go to the Accounting menu and then Reconcile.
- Select the account you want to reconcile in the Account drop-down menu.
- QuickBooks will automatically populate the beginning balance. Make sure it matches the one on your statement.
- Enter the ending balance and date as shown on your brokerage statement.
- Click Start Reconciling.
- Compare the transactions on your brokerage statement with what's in QuickBooks. Mark each one as cleared that appears on your statement by putting a checkmark next to it. To speed things up, those entries that you added or matched from online banking are already selected for you.
- When you reach the end, the difference between your statement and QuickBooks should be $0.00. If it is, select Finish now.
You can also check out our complete reconciliation guide, which includes a demonstration video: Reconcile an Account.
Be sure to let me know if you have concerns while reconciling your accounts. I'm here to lend a helping hand. Have a good one, @pgtorpey.
