Reconciliation with JE

Thank you for contacting us, alina11.

I'm here to help record your journal entries in QuickBooks Online. You can follow these steps:

1. Click+ New, then Journal entry.
2. On the first line, select an account from the Account field.
3. If you need to debit or credit the account, enter the amount in the correct column.
4. On the next line, select the other account you're moving money to or from. 
5. If you've entered a debit or credit on the first line, enter the same amount in the opposite column.
6. Make sure the Credit column on one line and the Debit column on the other have the same total amounts. 
7. Enter information in the memo section so you know why you made the journal entry.
8. Click Save and new or Save and close.

To know what accounts to debit and credit, I recommend getting back in touch with your account. They can provide specific instructions to ensure your books have accurate records.

In case you need to modify the journal entry, check out this article: Reverse or delete a journal entry in QuickBooks Online.

Once all set, you can reconcile your bank accounts.

Keep me posted if you have follow-up questions about reconciling accounts. I'll be around to help you.

So I put the journal entries dated year end 2020 and will be able to reconcile three years at once? or I have to go back and reconcile every year individually

Hi @alina11,

I appreciate you for getting back to us here in the Community. Allow me to step in and provide some information to your questions about reconciliation in QuickBooks.

When reconciling an account, you can include journal entries from the prior years. However, the recommended method to reconcile them is one year at a time.

For transactions older than the opening balance in QuickBooks, I suggest checking out this link: Enter an adjusting entry for a reconciliation in QuickBooks Online.

Since you've been advised to add the data from year-end, it would be best to reach out to your accountant again. They'll be able to guide you further with how to handle them in QuickBooks and ensure your books are error-free.

For additional reference, you can use the following article to fix a reconciliation, as well as how to undo reconciled transactions in QuickBooks: Learn the reconcile workflow in QuickBooks.

Drop me a comment below if you have additional questions while performing the reconciliation process. I'll be happy to help you some more.