Learners will understand how to generate bank rules to make the data input process faster as time passes, the first month of data input often being the most difficult due to not having prior transactions to refer back to.Īs we construct bank feed transactions we will consider the difference between a cash method and an accrual method, the difference between an accounting system that is created from the bank data and an accounting system that uses bank data to verify data input. The course will add bank feed data to the financial statement, breaking the process out into cash increase transactions and cash decrease transactions. We will import bank feed data into our QuickBooks system. We will discuss how bank feeds can fit into an accounting system, how to setup bank feeds, and how to construct financial statements using bank feed data. This is the Sixth in a series of courses covering QuickBooks Desktop Pro 2021 comprehensively.
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