@@FitSmallBusiness I also appreciate your teaching style. I'm slow to absorb information, just like driving directions I need step by step and explanations as to why.
Hello , one question about the reconciliation. The petty cash balance is lowered when you performed the reconciliation process only or there is another method to lower that balance
Probably, but it may depend on your bank. You may use whatever bank login and password combo you use to access the business credit card when you're establishing the connection. Love to hear if you were able to connect your business card! 💳
I am 8 months in and have not connected my bank account but have individually added my expenses and all that. If I now add the bank account info is it going to count everything I’ve already entered again or will it start from now and go forward
Hi! 👋 It shouldn't double-count everything, but you'll want closely review the results. It should automatically match transactions entered manually to the transactions downloaded, but if there is any difference -- no matter how small -- it will ask if you want to create a new transaction. Carefully review any dupes.
Yes, you can connect your bank accounts to FreshBooks and all the income and expenses will automatically be imported and matched to any manually entered transactions -- similar to the way QuickBooks does it! You may see this link for more information: support.freshbooks.com/hc/en-us/sections/360001679832-Bank-Connections/
![How to Use Bank Reconciliation Features on FreshBooks [webinar]](http://i.ytimg.com/vi/PQCobth6u-I/mqdefault.jpg)
Thanks SO much for this tutorial. I'm new to freshbooks and was confused until now. :)
We're glad to hear this worked for you!
@@FitSmallBusiness I also appreciate your teaching style. I'm slow to absorb information, just like driving directions I need step by step and explanations as to why.
How would you categorize bank transfers?
Hello , one question about the reconciliation. The petty cash balance is lowered when you performed the reconciliation process only or there is another method to lower that balance
Hello. Can you connect a business credit card to freshbooks?
Probably, but it may depend on your bank. You may use whatever bank login and password combo you use to access the business credit card when you're establishing the connection. Love to hear if you were able to connect your business card! 💳
@@FitSmallBusiness I've connected more than one card with no issues (not the person w/the question).
I am 8 months in and have not connected my bank account but have individually added my expenses and all that. If I now add the bank account info is it going to count everything I’ve already entered again or will it start from now and go forward
Hi! 👋 It shouldn't double-count everything, but you'll want closely review the results. It should automatically match transactions entered manually to the transactions downloaded, but if there is any difference -- no matter how small -- it will ask if you want to create a new transaction. Carefully review any dupes.
Is it not possible to just connect to my banks and have Freshbooks import all the data. Income and expenses? Quickbooks does this easy.
Yes, you can connect your bank accounts to FreshBooks and all the income and expenses will automatically be imported and matched to any manually entered transactions -- similar to the way QuickBooks does it! You may see this link for more information: support.freshbooks.com/hc/en-us/sections/360001679832-Bank-Connections/
I thought QB was bad this is horrendous.