question archive What is the difference between reconciling a Bank Account and a Credit Card Account? A) You can only reconcile bank accounts, QuickBooks will not let you reconcile Credit Card Accounts
What is the difference between reconciling a Bank Account and a Credit Card Account? A) You can only reconcile bank accounts, QuickBooks will not let you reconcile Credit Card Accounts
Subject:BusinessPrice: Bought3
What is the difference between reconciling a Bank Account and a Credit Card Account?
A) You can only reconcile bank accounts, QuickBooks will not let you reconcile Credit Card Accounts.
B) Bank accounts are reconciled at detail level (transaction by transaction) and Credit Cards Reconcile only in totalized amounts in a bill.
C) They are essentially the same process, these are just two different types of accounts, but the reconciliation process is very similar. Banks typically can have outstanding checks, but credit cards wouldn't.
D) You must setup a different company file for every account being reconciled.
E) None of the Above.
