Reconciling QB Checking with Envelopes

Thanks for reaching out to the Community, nategreve.
 

Just like balancing your checkbook, you'll need to review the accounts in QuickBooks and confirm they match your bank and credit card statements. When you have the bank statement in hand, you'll compare each transaction with the ones entered in your books. If everything matches, you know the accounts are balanced and accurate.

To start reconciling an account, you'll need to review its opening balance. This balance needs to match your balance for the real-life bank account for the day you decided to start tracking transactions in QuickBooks.
 

Here's how to start a reconciliation:
 

1. If your accounts are connected to online banking, make sure you initially match and categorize all downloaded transactions.
2. Use the Gear icon, then go to Reconcile. If you're reconciling for your first time, click Get started.
3. From the Account ▼ drop-down list, choose an account you want to reconcile. Be sure it's the same one on your statement. In the event you see a message about a previous reconciliation, hit We can help you fix it.
4. Review your Beginning balance and confirm what's in QuickBooks matches the one on your statement. If they don't match, refer to our Fix issues the first time you reconcile article.
5. Enter your Ending balance and Ending date. Some banks call this a "new balance" or "closing balance".
6. If you see it, review the Last statement ending date. This is the end of your last reconciliation. The current statement should start the day after.
7. When you're ready, select Start reconciling.

Next, you'll compare your statement with QuickBooks. You can refer to our Complete Reconciliation Guide if necessary.
 

If you need further assistance, or need to start over, reach out to your accountant. In the event you're in need of one, there's an awesome tool on our website called Find a ProAdvisor. All ProAdvisors listed there are QuickBooks-certified and able to provide helpful insights for driving your business's success.

I've also included a detailed resource about working with envelopes which may come in handy moving forward: Create envelopes to set your funds aside with QuickBooks Checking
 

Please don't hesitate to send a reply if there's any additional questions. Have an awesome Wednesday!