
Reconcile an account in QuickBooks
by Intuit•93• Updated 5 days ago
Learn what reconciliation is, how to reconcile your accounts, fix common issues, and use reconciliation reports in QuickBooks Online. Reconciliation can feel tricky, but this article walks you through the process step by step.
Start a reconciliation
Before you begin:
- Make sure your opening balance in QuickBooks matches your real account.
- Have your latest bank or credit card statement to hand.
- If you’re reconciling multiple months, start with the oldest statement first.
Fix common reconciliation issues
Sometimes your QuickBooks account balance doesn’t match your bank statement. This can happen for several reasons: missed transactions, incorrect opening balances, or transactions entered with the wrong date or amount. These issues can usually be resolved by reviewing balances and transactions carefully.
Use reconciliation reports
QuickBooks automatically creates a reconciliation report after each session. This report helps you and your accountant review reconciliations.
What's next?
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If you've got any questions or need a hand fixing a connection error, linking or reconciling a bank account, let us know. Sign in to QuickBooks and start a discussion in our QuickBooks Community.