![]() ![]() Properly reconciling all of your accounts is the only way you can be sure you are looking at accurate financial reports. You can reconcile credit cards, loans, and any account that has a statement with a start and end date with a beginning and ending balance. It is important to understand that you need to reconcile all of your QuickBooks accounts, not just your bank accounts. ![]() In order to be sure that you are looking at accurate financial reports, you must first reconcile your QuickBooks accounts. The last way I use QuickBooks for personal finances is through financial reporting. That way I only need to change the amount and date then the transaction will automatically post to the correct credit card or bank account. When bills roll in I simply enter the bill into QuickBooks through memorized transactions. I never carry a balance on my credit card and pay the entire balance off each month when due. I always select credit card when it is an option to not only control cash flow but also to take advantage of credit card rewards. I put all bills on auto payment to hit either a credit card or checking account. I tend to automate my bills, income and savings as much as possible. By entering my financial data on a regular basis for all of my accounts I can really drill in on my cash flow situation. The biggest benefit I find when using QuickBooks for personal bookkeeping is the ability to manage cash flow. You can use QuickBooks to manage personal finances ![]()
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