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Leigh-Marie
Level 1

Reconcile credit card

Hello,

I just added my credit card account to my quick books I have not yet reconciled a credit card before. 

What do I put in for the ending balance for the reconciliation?

Us there anything different I should do differently from when I reconcile my bank account? I want to figure it out before I proceed to mess my books up....

1 Comment 1
JasroV
QuickBooks Team

Reconcile credit card

Great job in connecting your credit card account to QuickBooks Online (QBO) Leigh.

 

I'll be delighted to impart some insights on how to reconcile your accounts seamlessly in QBO. The ending balance is the month-end balance of your bank statement.

 

Some banks called this the "new balance" or a closing balance". You'll want to check your bank statement for the ending balance and enter the amount in the desired field. Once done, you can reconcile your account whenever you're ready. 

 

To be guided, feel free to utilize this link. This contains steps on how to reconcile your account efficiently. It also provides details on how to resolve discrepancy issues in case you'd encounter one: Learn the reconcile workflow in QuickBooks.

 

Moreover, you can also work with your accountant to ensure the accuracy of your records. Or, you can add them to your account so you can work together harmoniously. If you don't have one, you can visit our ProAdvisor page and look for one from there.

 

I'm also attaching this article that serves as your guide in effectively categorizing your transactions in the future: Categorize and match online bank transactions in QuickBooks Online.

 

Know that I'm always here to help you out whenever you need further assistance reconciling your accounts. I'm always ready to back you up!

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