1 ⃣ Record Daily Transactions
• For income : Navigate to Sales > Invoices or Sales Receipts . • For expenses : Go to Expenses > New Transaction > Expense/Bill .
2 ⃣ Perform Bank Reconciliations
• Go to Banking > Reconcile to match transactions. • Use Bank Feeds to import and categorize expenses automatically.
📺 Video Tutorial: 🎥 How to Reconcile in QuickBooks Online (~14 min)
3. Treasurer / CFO
Primary Responsibilities:
✔ Reviews monthly financial reports to ensure accuracy and compliance. ✔ Approves journal entries over a set financial threshold. ✔ Conducts financial analysis to assess sustainability.
Steps to Implement in QBO:
1 ⃣ Review & Analyze Financial Reports
Go to Reports and generate:
•
o Profit & Loss Statement o Balance Sheet o Statement of Cash Flows
2 ⃣ Approve Large Journal Entries
• Navigate to + New > Journal Entry to review pending adjustments.
📺 Video Tutorial: 🎥 Understanding Profit & Loss in QuickBooks Online (~2 min)
4. Executive Director
Primary Responsibilities:
✔ Provides final approval for organizational budgets. ✔ Ensures financial policies comply with regulations. ✔ Oversees overall financial decision-making.
Steps to Implement in QBO:
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