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Monday, October 6, 2008
Let us help you with your personal Medical Bills & Investments.We can help you reconcile your medical insurance Explainations of Benefit statements so that you can be sure that your medical
insurance is/and has been paying what is required by them to pay. We will also audit your personal investment statements
to be sure that every dime you invested is accounted for and that your investment comany has accounted for everything that
was transferred and deducted or paid out to you. AGAIN - IT IS YOUR MONEY - LETS MAKE SURE IT STAYS THAT WAY!
WE WANT TO STOP FRAUD!
8:01 pm mst
Wednesday, October 1, 2008
If a customer pays for the same invoice twice, should the customer be informed?I say yes. If you become aware of the double payment when postng the customer's second remittance, I would double
check your records to be certain your are not owed money from the customer and would then inform the customer. If the
check was sent in error, I would photocopy the check, document on the photocopy what had occurred, and then return it to the
customer.
10:50 am mst
How do you prepare a company's first bank statement reconciliation?First, enter each check that is appearing in your bank statement as "cleared". Now enter all checks that are in
the range of dates you are reconciling and will be accounted for at the end of the period of time you are working on. Be sure
that all deposits appearing on your bank statement are also recorded on your books. If there is a deposit at the end
of this period you are working on but it does not appear on your bank statement, enter it also with the appropriate date of
depositing. Now you will need to "Balance forward" the balance on your bank for the beginning of this period;
ie: January 1, 2008. In quickbooks, you will go to the reconciliation icon and fill in the ending period date, then
"continue" and click on all of your deposits (include the Balance forward) and click on all of the checks that have
cleared your bank account that is stated on your bank statement. Your ending number at the bottom of the QB reconciliation
page, should be $0.00. This means that you have gotten all of the important information on QB to agree
with your bank statement. PRINT and RECONCILE at the bottom of that page and you are in balance. Now check
your chart of accounts "Bank" account in current assets at the ending date time, and you should balance to the Bank
Statement less any and all outstanding checks and deposits that are not cleared. Call me if you are running into problems
with this concept. 602-793-0140.
10:24 am mst
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