[fname], last week I emailed you and talked about Quickbooks Mistake #6: Forgetting to Separate Principal & Interest on Loans.

 

Today I want to explain our last...

 

Quickbooks Mistake #7 - Missing Reconciling to Bank Statements Monthly

Often we find business owners (or their bookkeepers) are NOT going in each month and RECONCILING all the bank statements they receive with their Quickbooks. Or one or more of the mistakes we just covered is preventing them from ACCURATELY reconciling their statements.

Although it is obvious, not doing this consistently (throwing the paper bank statements in a drawer each month and trying to reconcile weeks or months later) OR not reconciling at all does not give you the ability to see whether your business is profitable (or how profitable it is) or what expenses or revenues need to be looked at closer.

If this is a challenge in any form or fashion, we can help you with one of our Quickbooks solutions.

As you read the rest of the report, remember each of the mistakes just remember that making one or more of these mistakes can cause you to under or over pay your state and federal taxes.

Not to mention over or understating your expenses and profits on your statements and to your bank if you submit statements to them for loans or other reasons.

That is why at the end of the report you will see I offer a Free Quickbooks Accuracy Scorecard where I or my Quickbooks expert here in our office will perform a Free Quickbooks Evaluation on your Quickbooks program company file.



Enjoy the report and if you have any questions or want to schedule your Free Quickbooks Evaluation just call my office at [aphone].

 

Regards, Don
 

Don Henderson, CPA | Direct Dial: 910-370-8822 | Don@HendGroup.com

 

Henderson, Story and Co.
8430 Medical Plaza Dr, Ste 200
Charlotte, NC 28262
DIRECT: 704-946-6100
Office: 704-547-0224
Fax: 704-547-0226
www.hendersonstorycpa.com

Henderson, Stafford and Co.
5025 A Wrightsville Avenue
Wilmington, NC 28403
DIRECT: 910-370-8822
Office: 910-452-7040
Fax: 910-452-7078
www.hendersonstaffordcpa.com

Henderson, Stewart and Co.
2426 Reynolda Road
Winston-Salem, NC 27106
DIRECT: 336-777-7944
Phone: 336-761-1246
Fax: 336-553-2603
www.hendersonstewartcpa.com

Henderson, Stewart and Co.
2300 W. Meadowview Rd, Ste 210
Greensboro, NC 27407
DIRECT: 336-777-7944
Phone: 336-294-0045
Fax: 336-553-2603
www.hendersonstewartcpa.com