17 Nov Bank Statement Recommendation
Bank Statement Recommendation
Banks often have mid month cut offs to make it easier for them. The majority of accounts have an end of month cut off so they prefer to have statements with another date, if no specific request has been made. Another standard convention is to print the bank statement in the order that activity happened. Both of these options can usually be changed with a call to the bank. The advantages are ease in reconciling (since QuickBooks lists the transactions in check number order) and prompt preparation of month end financial statements (since there is no need to wait until well into the next month for the bank statement).