How do I know something is "reconciled" in QBO?

Thanks for choosing QuickBooks Online as your accounting software, Peter.

When your bank transactions are imported from a linked bank account, QuickBooks Online automatically assigns matches to the transactions. However, they are not yet reconciled.

Reconciling means comparing your bank and credit card statements with QuickBooks to ensure accuracy. It's good to do this monthly to see if there are discrepancies or duplicates.

To view the reconciliation status, you can go to your Chart of Accounts and view the register.

Here's how:

1. Locate the account and click the View register.
2. If you can't see the ✔ column, click the small Gear icon inside the register to add the Reconcile Status by ticking the check box.
3. Here's what you'll see:

• R (Reconciled): The transaction has been reconciled successfully.
• C (Cleared): The transaction has been matched to the bank feed but not yet reconciled.
• Blank: The transaction hasn't been matched or reconciled.

Here is an article you can read to learn more about reconciliation: Reconcile an account in QuickBooks Online.

Don't hesitate to comment below if you have questions about Reconciliation in QuickBooks Online.