![]() You can reconcile credit cards, loans, and any account that has a statement with a start and end date with a beginning and ending balance. It is important to understand that you need to reconcile all of your QuickBooks accounts, not just your bank accounts. ![]() In order to be sure that you are looking at accurate financial reports, you must first reconcile your QuickBooks accounts. The last way I use QuickBooks for personal finances is through financial reporting. That way I only need to change the amount and date then the transaction will automatically post to the correct credit card or bank account. When bills roll in I simply enter the bill into QuickBooks through memorized transactions. I never carry a balance on my credit card and pay the entire balance off each month when due. ![]() I always select credit card when it is an option to not only control cash flow but also to take advantage of credit card rewards. I put all bills on auto payment to hit either a credit card or checking account. I tend to automate my bills, income and savings as much as possible. By entering my financial data on a regular basis for all of my accounts I can really drill in on my cash flow situation. ![]() The biggest benefit I find when using QuickBooks for personal bookkeeping is the ability to manage cash flow. You can use QuickBooks to manage personal finances
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