In QuickBooks online to reconcile one has to go to Accounting and choose Reconcile. Select the bank account and fill in the balance at the end of the statement and the date of statement with your bank statement. Match QuickBooks and bank statement transactions. Cross out every transaction that is matched till the difference is zero. In case discrepancy is observed, check on missing or duplication entries. When all the matches are completed, then click Finish Now to finish the reconciliation. This is done through regular reconciliation in the QuickBooks Online, which ensures that there are proper financial records and these records are used to maintain proper cash flow in the business operations.
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