Online Banking Security - The Number One Priority by Bruce Walls
Whenever a bank issues a security threat to its customers, other banks seem to suffer a drop in Internet traffic and account usage, too. This is not because people don't trust the other banks, it's because customers are reminded of how susceptible they are to fraud. ... That statement is true, the bank does not and never will provide your login password or any other sensitive information to anyone else. ... Naturally, the online bank expects you to do a few things to protect your account, so never disclose your password (for example don't write it down or email it to anyone, or let anyone...

Bank Reconciliation And Accounting Software by John Cantrell
The bank reconciliation is sometimes a part of an accounting software package's ledger module and sometime shown as a separate module. Whichever, it is very much dependent on the entries that have been made in the Bank Account in the Balance Sheet section. ... With bank charges you simply debit the Bank Charges account in the Profit and Loss section and credit the Bank Account in the Balance Sheet section. ... It is used to 'tick off' the entries that are showing in the Balance Sheet Bank Account in the accounting software ledger against the statement that your bank has sent you.

QuickBooks Training: Mid-Month Bank Reconciliations by Jennifer A. Thieme
In QuickBooks, sometimes the check register can go awry between the monthly bank reconciliations. Here are simple directions to reconcile the check register, even without the regular monthly bank statement: 1. From your web browser, go to your bank's website and print a detailed listing of all... Verify that all entries in QuickBooks match the bank's entries exactly; verify that all transactions from the bank printout have been entered into QuickBooks; verify that all entries that appear on the bank statement AND also appear in QuickBooks have a checkmark next to them; and verify that in...

QuickBooks: Recording Multiple Credit Card Payments by Jennifer Thieme
For cash flow reasons, sometimes clients need to make credit card payments more frequently than once a month. Here are directions to record all aspects of this process. Enter the Charges Enter the credit card charges as you incur them. If you must do this every day, then take the time to do so. ... Reconcile the Statement When you receive the credit card statement, reconcile it as you would for a bank statement. ... This entry takes money from the bank account and applies it as a payment to the credit card account.

QuickBooks: Balancing the Bank Statement by Jennifer Thieme
There are three reasons to balance the bank statement as soon as you receive it: 1. Finding Errors . While banks don't make errors very often, you only have a certain amount of time to alert the bank if you do find any. 2. Verifying Entries . Balancing the bank statement is one way to ensure... Enter the Statement Date as shown on the bank statement. ... IMPORTANT: print a Detailed report and staple it to the bank statement. ... Verify that the Beginning Balance in QuickBooks is the same as the beginning balance on the bank statement.

QuickBooks: Record Customer Payments Properly by Jennifer Thieme
In order for bank reconciliations go smoothly, it is important to record customer payments properly in QuickBooks. To do this, transactions in your QuickBooks check register need to match how they appear on the bank statement. When you go to the bank and deposit several customer payments using... Before you go to the bank to make a deposit of customer payments: Open QuickBooks. ... From the Banking menu, select Make Deposits. ... Click Save & New or Save & Close, as appropriate. ... The Payments to Deposit window will open.

How to Get Back Your Money when ATM Machines Glitch ( in China ) by Almario Macion
SCENARIO: In a busy bank in Xiamen, China. You need to deposit money, the bank is crowded and you don’t want to queue with the rest of the customers AND you can’t speak Mandarin - so you decided to deposit money through the ‘lonely English-speaking’ -ATM machine within the bank. ... 10.) If you can’t get back immediately to the bank or produce the original records the bank reps ask you, insist for hard or soft copies of written statements that the incident happened in this specific bank before you leave the bank and make a return.

How To Avoid Getting Hooked By Pfishing by Cavyl Stewart
"Pfishing", sometimes spelled "Phishing", is a word that's used to describe a method of identity theft where con men use fake e-mail that looks like it comes from legitimate sources. This e-mail is designed to hoodwink you into giving out personal and financial information. ... If you receive evidence of identity theft, such as unauthorized charges on your credit card bills, or unexplained transactions in your bank account, contact the police and file a report. ... Never give your bank account information, credit card numbers, Social Security number, passwords, personal identification...

QuickBooks Training: Reconcile the Credit Card Statement by Jennifer A. Thieme
Many QuickBooks users are unaware that QuickBooks allows you to reconcile many types of accounts, including credit card accounts. It's important to reconcile the credit card account each month, as soon as you receive the statement. Here's why: Finding Errors. ... Carefully verify that all amounts in QuickBooks match the credit card statement amounts exactly, and that all entries on the statement are also in QuickBooks. ... Verify the following: Checkmarks may be placed next to items that do not appear on the credit card statement statement, or some items may not have been checked that...

The General Ledger and Accounting Software by John Cantrell
Before we start on the specific elements of general ledger software, and where all the pieces fit, you need to understand the basics of financial statement and how you can read them. There are two main parts to your business's financial statement - The accounting software will produce a Profit... a bank loan are shown separately) Regarding the bank account - assuming that your bank account mostly has money in it, and, therefore, it falls under Assets (the money is an asset belonging to your business).