Tip for Setting Up Bank Accounts in Quickbooks

Name the account using the financial institution name, Type of Account (Checking, Savings) last 4 of the account number, and the last 4 of the Visa/Debit Card number. (Exp. Wells Fargo Cking (1111 / 2222).  This will help you ensure when recording transactions you are entering them into the correct account.  A great example is when you use your Visa / Debit card the receipts normally always show the last 4 digits of the card number now you can quickly record this transaction to the correct account without having to dig out the Visa / Debit card to check the card number.

You can also do this for your Credit Card Accounts.

Speak Your Mind