Hi there, @morshed jahan.
I've got some insights to share about reconciling bank accounts in QuickBooks Online.
To verify if it's required by your tax auditor to reconcile your PayPal account, I recommend contacting them so they'll be able to confirm this action.
Once confirmed, you'll need to review your bank transactions, then proceed with the reconciliation. Doing this comes with three easy steps.
These are the following:
- Review your opening balance
- Start your reconciliation
- Compare your bank statement and QuickBooks
Here's a link that you can check out for complete details on this procedure: Reconcile an account in QuickBooks Online.
On the other hand, you can utilize these resources attached to help you in fixing some reconciliation issues and on how PayPal works once connected to QBO:
If there's anything else that you need about this or any concerns with QuickBooks, let me know. I'll be around to help. Take care!
