Learn the reconcile workflow

Just like balancing your checkbook, you need to regularly review your accounts in QuickBooks. You need to make sure the amounts match your real-life bank and credit card statements. This process is called reconciling (or a reconciliation).

To reconcile your accounts, you’ll need monthly bank statements for the account.

Use this guide any time you need help doing or fixing a reconciliation. If you’re new to reconciliations or need more help, reach out to your accountant. This can get tricky and they know how to handle the next steps. Don't have an accountant? We can help you find one.

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Reconciliation workflow

Once you have your monthly bank statements, you can compare each transaction in QuickBooks with what's recorded on your account statement. Make sure the opening or beginning balance matches the balance on your account statement for that day.

Next steps

After you reconcile an account, your QuickBooks ending balance and account statement should be the same. If not, your accounts still aren’t balanced.

• If you forgot an opening balance for an account, you can enter an opening balance later.
• If you add transactions dated from before the account’s opening balance, you’ll need to reconcile older transactions.
• If you need to make changes after you reconcile, review a previous reconciliation report. 
• If you reconciled a transaction by accident, you can unreconcile individual transactions.

Note: If you adjusted a reconciliation by mistake or need to start over, contact your accountant. They’ll know how to correct your accounts without unbalancing them. 

Related links

• What's a reconciliation?
• How do I view, print, or export a reconciliation report?
• Undo or remove transactions from reconciliations in QuickBooks Online
• What to do if you didn't enter an opening balance in QuickBooks Online
• Reconcile transactions that are older than your opening balance
• Enter an adjusting entry for a reconciliation in QuickBooks Online