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R
rjenison-qesi1-c
January 22, 2024
Question

I can figure how to reconcile my account, I go to my register and I cant find how to do it

  • January 22, 2024
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1 reply

I
Irene R
January 22, 2024

Welcome to the Community, Rj.

 

Let me guide you in navigating and reconciling your QuickBooks Online (QBO) account.

 

Start by reviewing your opening balance. It needs to match the balance of your real-life bank account for the day you decided to start tracking transactions in QuickBooks.

 

Once you have your monthly bank or credit card statement, you can start reconciling. If you're reconciling multiple months, do them one statement at a time, starting with your oldest statement:

 

  1. Ensure that all downloaded transactions are matched and grouped if your accounts are linked to Internet banking.
  2. Go to the Gear Icon ⚙, then choose Reconcile. If you're reconciling for the very first time, select Get Started.
  3. Select the account you want to reconcile in the Account ▼ dropdown. Ensure that it's the same one on your statement.
  4. Review the Beginning balance. Verify that the starting balance in QuickBooks matches the starting balance in your statement. If they don't match, here's how to do it.
  5. On your statement, type the Ending balance and Ending date. Some banks call the ending balance a "new balance" or a "closing balance."
  6. Check the end date for the last statement. That's the end of your last reconciliation. The following day, your existing bank statement should start.
  7. When you’re ready to reconcile, click on select Start Reconciling.

 

Right after, compare the transactions on your statement with those in QuickBooks. Make sure to match dates and transactions to know that everything matches.        

 

For more information on reconciling your QBO account, please refer to this article: Reconcile an account in QuickBooks Online. 

 

I have included a video reference to assist you in reconciling an account on QBO: How to reconcile an account in QuickBooks Online. 

 

Let me know if you have further inquiries about reconciling your accounts in QBO by clicking the Reply button and leaving a comment. I’ll be happy to assist you. Have a good one. 

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