Thank you for connecting with the Quickbooks Community, joe137. Account Reconciliation is used to match transactions entered into Quickbooks from your bank and credit card statements. If the transaction matches, this means that your accounts are balanced and accurate. I will be happy to show you how to reconcile your accounts in Quickbooks Online.
- Go to the Gear icon and select Reconcile.
- Choose the account to reconcile and select the option Reconcile now.
- Add the necessary information and click OK.
- Go through and check your transactions. Make sure that there is a difference of $0. If there are discrepancies, follow the steps in the link.
- Select Finish Now, once completed.
I have added this article and a video presentation that goes through this in detail on how to reconcile.
I would recommend that you speak with your accountant while going through this process. If you don't have an accountant, we offer a ProAdvisor program. You can connect with Quickbooks experts within your area. Simply click the link, add your zip code, and choose an accountant from the options.
If you have additional questions, please let us know below. The Community and I are here to help. Take care and keep me posted.
