How do you reconcile an account in QuickBooks Online?

• A. Reconcile via Banking > Reconcile, choose account, fetch transactions.
• B. Reconcile via Accounting > Reconcile, select account, enter statement ending balance and date, then match or add transactions until the balance matches.
• C. Use the Audit Log to reconcile.
• D. Import bank transactions to reconcile.

Answer: (B)

Reconciliation is the process of aligning QuickBooks transactions with your bank statement so the ending balance matches what the bank shows. In QuickBooks Online, you start this by going to Accounting > Reconcile. You select the account you’re reconciling, then enter the ending balance and ending date from your bank statement. After that, you review the listed QuickBooks and bank transactions and either match existing items or add any missing ones until the balances align to zero difference. This keeps your QuickBooks balance accurate and helps catch missing, duplicate, or incorrect entries.

The other paths aren’t correct because reconciliation isn’t done from Banking, and it isn’t driven by the Audit Log. Importing bank transactions can feed data into QuickBooks, but the actual reconciliation requires matching the transactions to the bank statement balance and date to reach a zero difference.