In QuickBooks Online, during bank reconciliation, in-transit items such as uncashed checks that are recorded in the General Ledger but not yet reflected in the bank statement appear as "outstanding transactions." Kogawa.
QuickBooks provides a list of these transactions, and they should not be marked as reconciled until they appear on the bank statement in a subsequent period. It ensures that the bank reconciliation accurately reflects the original bank account balance.
Visit this article for more intake about the reconciliation process in QBO: Reconcile an account in QuickBooks Online.
Additionally, check out this page for more details about "How QuickBooks handles reconciliation". It contains an introduction to Bank reconciliation and gives helpful tips: What is Bank reconciliation?
Drop a response below if you have follow-up questions about the reconciliation process.
