What is a Bank Register?

Quick reference

• 00:05 In this video, I want to talk to you about your bank register.
• 00:09 So first, I'm going to show you a handful of ways to get to the bank register.
• 00:13 You can start from the bank feeds.
• 00:16 Over on the right hand side, you can click on go to register.
• 00:21 You can go Accounting, Chart of Accounts.
• 00:24 And then on the right hand side, click on go to register.
• 00:28 When you're looking at the bank register, you can sort it in any variety of ways.
• 00:33 Most of the time, I have my register sorted by date.
• 00:36 So when I do this, I have the newest on top and the oldest on bottom.
• 00:41 In this example, there are 27 items in my bank register.
• 00:44 If I have more than 27 items, I can scroll to the bottom and click previous and
• 00:49 next first and last to toggle between different pages of my bank register.
• 00:54 When I look at my bank register by default,
• 00:57 I'm going to see it kind of in the way we used to see our bank registers
• 01:01 when we carried the register in our pockets in our purses.
• 01:04 There's two lines, so it's kind of a white stripe and a gray stripe.
• 01:08 The top represents the payee and then the bottom represents the account.
• 01:13 So when I look at this first example, I can see on 8/13, there is a transfer.
• 01:19 There's no payee.
• 01:20 The transfer went from my checking account over to my petty cash.
• 01:25 There's no memo.
• 01:27 There was a payment, also known as a withdrawal of $100.
• 01:32 $100 left my checking and went into my petty cash.
• 01:35 Over to the right is my running balance.
• 01:38 Some of the things that I like to do with my register
• 01:41 is click on this little gear on the right hand side.
• 01:44 When I click on the gear, I can say show it in one line.
• 01:48 So that way instead of seeing that top and bottom,
• 01:50 I just see it all looking across to the right.
• 01:53 If I have a lot of information I might click Compact,
• 01:56 set it just I can see more on my screen at once.
• 02:00 I can also change the number of rows to say 300.
• 02:04 So let me look at this again.
• 02:06 So I've got on 8/13 a transfer, money left the checking, went into petty cash, $100.
• 02:15 Right now, I'm looking at my checking register.
• 02:16 But let's imagine we want to look at the petty cash register, and
• 02:20 just kind of see the opposite.
• 02:22 I see here that something happened, but I'd like to really see what happened.
• 02:26 Let me click on this drop down and click on petty cash.
• 02:31 So now when I look at the petty cash register, I can see on 8/13,
• 02:34 there is a transfer.
• 02:37 The transfer came from Checking 1234 and went into my petty cash.
• 02:43 The amount of the transfer was $100.
• 02:46 If I wanted to see more information, I can always click on this line and click at it.
• 02:53 Let me take you over to the credit card.
• 02:56 To get to the credit card, I'm just going to click this drop down for
• 02:59 register, and I'm going to scroll until I find the credit card register.
• 03:04 Now that I'm in the Credit Card Register, I can kind of see things and
• 03:07 maybe edit and correct them as needed.
• 03:11 So we'll look at this example of 7/27.
• 03:14 I see there is an expense.
• 03:16 Money went somewhere.
• 03:17 I have assigned it to the account of software and it was $11.
• 03:21 I can click on this line.
• 03:23 And if I know who got the money, I can just add the payee here.
• 03:28 If I don't, maybe I put something in the memo to remind myself.
• 03:32 I can click on Edit.
• 03:34 And I can see the memo.
• 03:36 And in this case, it's acuity.
• 03:38 So I'm just going to type in acuity, and it fills it in.
• 03:42 When this happens, I always encourage you to say No.
• 03:45 I do not want you to override the dollar amounts that you definitely spent
• 03:49 with something you previously had spent, Save and close.
• 03:54 There's a couple of fun things you can do with the register.
• 03:57 You can click on the gear and you can say show me the Memo.
• 04:01 You can say show me the Reconcile Status.
• 04:03 Show me the Banking Status.
• 04:06 So let me show you what those did.
• 04:08 When I click this hamburger on the upper left hand corner
• 04:12 to get rid of the gray bar so that I can display more stuff on my screen, so
• 04:17 now the memo that's pretty self-explanatory.
• 04:20 This check mark right here and
• 04:22 the C means that when I go to reconcile, these things are pre-checked.
• 04:27 The box to the right means this information came from bank feeds.
• 04:31 So remember bank feeds is the banking in the QuickBooks.
• 04:35 The green box by itself means that I've added it.
• 04:39 I've either clicked add or transfer match.
• 04:42 The green box with a plus means that it was added by a bank rule.
• 04:46 And the bank rule said please auto add this and don't stop to ask me about it.
• 04:50 Just please auto add it.
• 04:52 Over to the right of that is your balance.

Lesson notes are only available for subscribers.