When initiating a reconciliation, input the ending balance from your bank statement. QuickBooks relies on this for accuracy. You can follow these steps to verify:
While you're reconciling an account, in the Reconciliation window, select Edit info.
Review the Ending balance and Ending date.
Check your bank statement. Make adjustments as needed.
After making changes, select Save.
If there's still a difference in QuickBooks, move on to Step 3.
Step 3: Merge multiple transactions into a single transaction
If your bank combined several payments as a single record, you should do the same in QuickBooks. Sometimes, we enter payments individually, which makes us think there's an error.
Please follow this article to proceed to the next step so you can review the reconciliation report from the previous reconciliation and learn how to view, print, or export a reconciliation report.
Additionally, in case you need further guidance in performing and rectifying a reconciliation in QuickBooks Online (QBO), check out this article: The reconcile workflow in QuickBooks.
I’ll be around the corner if you need an extra pair of hands to handle your reconciliation, @wastewatchdog2. Stay safe!
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