Book Keeping Overview

 

WCS LLC Accounting System



Table of Contents

Bank Accounts 1

Updating Bank Register 1



Bank Accounts #



Updating Bank Accounts / Credit Card Register(s) #



  1. Login to quickbooks online and refresh / update Banking Tab to ensure all bank and credit card accounts are syncing and updated.

Transaction Review / Categorizing Expenses #

  1. In quickbooks Categorize expenses in
  2. Operating Account
  3. Credit card accounts



Refresh bank & credit card accounts: #



  1. From quickbooks home screen select the banking tab:

Next click on the update button:



Once the Accounts are updated your can begin to categorize the expenses or accept the expense category automatically assigned to the expense.



The operating account will be the only account that needs categorization since it is the only account used for expenses.







Many of the expenses will be per-matched with the category that they belong to .. they will automatically be matched with a category from previous .

Many of the expenses will be per-matched with the category that they belong to .. they will automatically be matched with a category from previous .

Don’t automatically accept that category suggested but 90% of the time it is correct so just make sure to confirm each one is correct





 

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Updated on December 4, 2023