Professional Documents
Culture Documents
3. Match Bank Statement transactions per CC provided by MKB against QB records. Select line items that corresponds.
Other ways to match,
Review unmatched items in the bank statement. Some received amounts are broken, simply select line item to
total the amount being reconciled. Also check if payment received was applied using BOA-CC or vice versa.
4. Transfer all line items of Bank statement sent by MKB to a single Excel Sheet.
Follow Format in previous months.
Search in Summit, unbilled transaction to be exported and imported to QB. Match key vendors. Post the bills as
needed. Track payments relating Vendor's payable
Search in QB (Ctrl+F>Memo). For you to fill up missing Vendor Columns and its Split Account
Try encoding GL's by searching through the internet. Careful on Split/GL accounts used. Should be OpEx accounts
Note that we may use: FOOD, fuel, MISC Vendor etc.
The exception is/are to be sent to Eric for validation before converting it to IIF file.
6. Remove Green highlights. Then, create IIF file via Excel, change import list - IIF as needed - to be updated on Chart of
Accounts.
7. Import IIF file to QB. In Banking>Reconciliation, Select and apply - when Deposits and Payments tally. Click on Reconcile.
8. Extract Bank Recon Summary and Detail, combine as PDF respectively and to be uploaded in Wrike.
*Rounding Error.
This is rounding error between what we calculated & vender, I corrected. In the future, go to the check, the Report Tab >
Transaction History - this will display the bills being paid, click on Go To" on a bill (note # and $) and reduce (or increase) bill
amount, save & close bill, then on the Check find that bill and un-tag and re-tag it, this will recalculate the payment amount
CreditCard Renaming:
0316 Marlene MO
4801 Eddie EO
9563 Marlo MV
6257
Kyle KO
2540
2438
6360 Brandon BO
5335
6223
3582 Carl CV
4894
8385 Linda
3. Match Bank Statement transactions provided by MKB against QB records. Select line items
MKB Enterprises that corresponds.
If line items do not match, note as Exception.
a. Investigate exceptions by identifying if received amounts are broken, simply
MKB Holdings select line item to total the amount being reconciled. Also check if payment
received was applied using BOA-CC or vice versa.
b. Should there be any exceptions left, inform client to adjust.
MKB Properties
4. After selecting all items that matches. Total Payments and Deposit should tally with the
Oka Auto Paint & Bank Statement.
Repair
5. Once done, click on Reconcile. Extract by choosing Both upon prompt or
Oka Solar 6. Extract Bank Recon Summary and Detail, combine as PDF respectively and to be uploaded
in Wrike.