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December 30, 2021
Question

Bank reconciliation advise

  • December 30, 2021
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1 reply

December 30, 2021

Hello, gaddamsrivani-gm. 

 

When reconciling an account in the system, we'll have to make sure that all your transactions do match with what is listed on your bank statement. Doing it this way, it won't mess up the balance of your bank account every time you reconcile it. 

 

Also, a reconciliation always starts with entering the ending balance and ending date base on your bank statement to create accurate reporting. You can read this article to learn more: What to do if you didn't enter an opening balance in QuickBooks Online? 

 

Lastly, here's an article you can read for ideas in case you'll bump into error with reconciliation: Fix beginning balance issues during your first reconciliation in QuickBooks Online

 

If there’s anything else I can do to assist you with your bank reconciliation, please post a reply below. I’m always available to help if you ever need one. Stay safe!