Hello, Can I RECONCILE NOW in qb although I have not enter a some transaction from bank statements to QB? If I do reconcile now and then later enter the other transaction will my numbers balance out at the end? Reason I need help setting up an account for my dental/ medical insurance, not sure how categories it ; if its a vendor,or other & or which account will it go under. So I was thinking of putting it aside and reconcile what I have entered and then focus on the ones I have questions. Thanks.
Yes, it will throw off your records because the transactions will not match with what's recorded in QuickBooks and your bank. Reconciling an account is a two-way process since you’ll compare the beginning balances on your bank statement to the one in QuickBooks.
Then, compare individual transactions and reconcile the account. Once the data are properly categorized, you can start in the reconciliation process.