2016-12-11 00:00:00 Finance and Accounting English Follow these steps to perform reconciliation in QuickBooks, which offers an easy way to reconcile accounts. https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/10/Male-accountant-discusses-Quickbooks-online-while-posing-for-photo-shoot.jpg https://quickbooks.intuit.com/ca/resources/finance-accounting/how-to-reconcile-accounts-in-quickbooks-online/ How to Reconcile Accounts in QuickBooks Online

How to Reconcile Accounts in QuickBooks Online

0 min read

When you reconcile an account, you make sure that the information recorded is correct. QuickBooks Online allows you to reconcile your accounts easily. To do that, take the following steps:

  1. Click the Gear menu at the top of QuickBooks and select Reconcile in the Tools section.

  2. Select an account in the Account drop-down list and click the Reconcile Now button.

  3. Look at your bank statement for the selected account.

  4. Enter the statement end date and ending balance amount of the bank statement into the corresponding text boxes in QuickBooks.

  5. Compare the transactions on your bank statement with the transactions in QuickBooks.

  6. Check the checkbox in front of each matched transaction.

  7. When all the transactions matched, the Difference value at the bottom should show zero.

  8. Click the Finish Now button.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

What Is Accounts Receivable Turnover Ratio?

A major part of your business is taking in funds. Accounts receivable…

Read more

How to Standardize Your Chart of Accounts

A chart of accounts represents a defined list of numbers your company…

Read more

A Sneak Peek Into the New Reconcile Functions

We are excited to give you a sneak peek into the updated…

Read more