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March 20, 2023
Question

Reconcile Bank Register

  • March 20, 2023
  • 1 reply
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If I am behind on reconciling my bank register, can I reconcile multiple months at a time?

 

1 reply

March 20, 2023

I'm thrilled to have you here today, @DJs96.

 

Yes. In QBO, you can reconcile multiple months, but you should do it one at a time to ensure the accuracy of the reconciliation. If you'd like to reconcile those older transactions inside your account, you're lucky that I'm here. I can write down the steps below to get you going. To begin, these are the steps:

 

  1. If your accounts are connected to online banking, make sure you match and categorize all of your downloaded transactions.
  2. Go to Settings and then select Reconcile. If you're reconciling for the very first time, select Get started.
  3. From the Account ▼ dropdown, select the account you want to reconcile. Make sure it's the same one on your statement.
  4. Review the Beginning balance. Make sure the beginning balance in QuickBooks matches the one on your statement. Here's what to do if they don't match.
  5. Enter the Ending balance and Ending date on your statement. Some banks call the ending balance a "new balance" or a "closing balance."
  6. If you see it, review the Last statement ending date. This is the end date of your last reconciliation. Your current bank statement should start the day after.
  7. When you're ready to start, select Start reconciling.

 

For further guidelines, feel free to visit this page: Learn the reconcile workflow in QuickBooks.

 

Additionally, I've got this article ready for you in case you run into some issues after reconciling an account in QBO: Fix issues at the end of a reconciliation in QuickBooks Online.

 

I appreciate you for dropping by here today, @DJs96. Know that I've got you covered if you need further assistance with this. You can also post here again if you have any additional QuickBooks-related concerns. Stay safe!