by Laura Madeira | November 11, 2013 9:00 am
Another method used to verify you have recorded all your transactions requires a bit more effort on your part. Manually add the total of all deductions and additions from the statements your bank provides you and compare to the Custom Transaction Detail report.
To do so, follow these steps:
This report (see image below) totals all debits (money into your bank account) and credits (money out of your bank account). To these totals, you have to add in checks and deduct deposits that have not yet cleared the bank. If the resulting totals are exact, or close to your manual totals, you can feel confident reconciling multiple years, or months, at one time.
Source URL: http://www.quick-training.info/2013/11/11/how-to-create-a-custom-transaction-detail-report-in-quickbooks/
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