End of Month Reconciliation

[5StarAwards]

Since August was my first full month using BW, maybe this would be a good time to review how to close the month, how to transfer numbers to Quickbooks, since that is where I need to reconcile for my accountant, etc. Since we don't have the manual with this info...

My "checkbook" is in Quickbooks, so every time I make a deposit into my bank account I enter it and use "sales" as my "account" so that should cover this part of the financial posting, right? But how do I balance the other fields?

[M. David Matney]

Under Accounting Menu, Select Financial Posting Summarization. This will give your numbers to post into QB

[5StarAwards]

I go that, I just wasn't sure how to enter them in QB. I have been entering deposits all along, so that should take care of the sales portion. Since I don't normally enter General Ledger entries, this is foreign to me and I don't want to accidentally double any numbers. I printed the report and emailed it to my accountant and asked him to look at it. I use my QB for daily entries and checkbook, then reconcile at end of month, and then the entire file goes to my accountant at tax time, but otherwise I handle it myself.