It's not feasible to reconcile only the current bank statement without addressing the reconciliation of the past two years, Kael.
You need to review and reconcile the transactions from the past years to ensure your business finances are accurate. Addressing previously overlooked transactions will help correct cash flow discrepancies, which is critical since unresolved financial issues can affect your business's growth and operations.
Once you begin reconciling, you can view a summary of your previous reconciliations by running a Reconciliation Report in QBO.
Managing your financial records can sometimes be complex, but our QuickBooks Live Expert Assisted team is here to support you. They will help you pinpoint essential dashboards and provide insights to improve your comprehension and effectiveness in managing your business.
We're always ready to back you up if you need further assistance with your bank reconciliation. I'll keep this thread open for your future reference.
