I’m starting QBO for a company that has never used a software. The accountant has set me up and put the opening balances ending 31 October 2019. Do I import all bank transactions and manually add what’s been paid in and out to reconcile?

Hi Amy1231 As long as your opening balance journal in the bank account/chart of account is reconciled then yes you'd need to add the relevant transactions to enable you to reconcile your account.up to date.

Thank you. The accountant added the journal entry for the opening balance 1 November. I’m adding transactions now starting 1 November. Our statement runs from 5th of every month, how will this work when I reconcile? Do I just start reconciling from 1st November?

Hi Amy1231 If you're reconciling from the 5th of November you'll either have to adjust the date and balance of the journal that your accountant entered so that the beginning balance is correct and reflects your bank statement,you start reconciling from the 1st or you enter the transactions in between the 1st and 5th and do a reconciliation so the beginning balance is correct on the 5th.