Banks and credit card companies usually generate a monthly statement for each customer account. When you reconcile an account, you make sure that what you have in QuickBooks matches the monthly statement. One by one, you check the beginning balance and each transaction in the statement and compare them with your books. When you're finished, your books and bank agree with each other. Accountants call this reconciling or balancing your books.
When you reconcile your accounts monthly, your trustworthy books empower you because you:
Would you like to learn how to reconcile with some expert tips? Let's get started!
Sometimes reconciling can get tricky when amounts are missing or don't match. Don't worry though. We've got some good tools to help you reconcile with confidence.
If you already started reconciling and you're feeling stuck, these might help you get going again.
Reconcile a bank or credit card account
Why doesn't my QuickBooks beginning balance match my statement?
Fix an incorrect beginning balance before you reconcile
Why doesn't my QuickBooks account match my statement?