Why reconcile bank and credit card accounts at set dates?

Hello there, @112113.

Let me shed some light about the reason behind reconciling your bank and credit card accounts at the set dates.

Yes, you're right. The following are the main reasons why it's recommended to reconcile bank credit card accounts at the set dates in QuickBooks Online:

• To verify transactions have the correct date assigned to them.
• To verify that an account balance is within its credit limit.
• To verify that all transactions have been recorded for the period.

Know that a monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account. This is regardless if the bank is connected or not in QBO. 

Reconciling at the set dates is advised, so can easily fix any issues on your transactions. This way, you can prevent your account from messing up in the later part.

To give you more insights about the reconciliation process in QuickBooks Online, please see these resources attached:

• Reconcile an account in QuickBooks Online
• Learn the reconcile workflow in QuickBooks

You can always get back to me here if you have any other concerns with QuickBooks. I'd be happy to help. Have a good one!