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QBO Video Courses

Reconciling in QBO

For someone else
Alicia Katz Pollock
For someone else
Purchase for $37 or enter access code

Reconciliation is how you confirm that your QuickBooks Online checking accounts, savings accounts, credit cards, and loan balances are correct. If you don’t reconcile correctly every month, your reports will be wrong!


Course Description 

Even if you use the QuickBooks Online banking feed, it’s not a guarantee that your bank balances are correct. And when you have extra or missing transactions, your Profit & Loss and Balance Sheet are wrong!

Reconciliation is the monthly step to confirm your checkbook balance, credit cards, liabilities, and loans have been entered correctly. The problem is that most businesses reconcile the transactions that ARE on the statement, but ignore the ones that are not. 

That’s not Reconciling, that’s “reconciling,” and the result is that you may be paying your taxes wrong!

In this class, not only will Alicia show you how to reconcile properly, but she’ll show you how to trick out the interface to finish in seconds instead of hours.

Even better, learn how to identify errors in your accounting data by how they appear in your Reconciliation window. Use reconciling as a troubleshooting tool for duplicated entries, misclassified categories, transactions coded to the wrong funding source, and receipt captures that didn’t match the banking feed.

Take this class and save yourself hours of struggle...and make your reports a thing of beauty.


What You’ll Learn 

  • How to connect your bank accounts to your QuickBooks®
  • How to import new transactions as they clear the bank
  • How to import previous transaction history
  • How to classify transactions through the Bank Feed to save time on manual data entry
  • Which transactions you should NOT import automatically
  • Workarounds for bank feed issues
  • Why you should reconcile even if you’re importing
  • How to reconcile your bank account transactions with your monthly bank statement
  • Tips and tricks wile reconciling that will save time and frustration


After completing this course, you will be able to: 

  • Reconcile your bank accounts and credit cards accurately
  • Troubleshoot stray transactions and know how to remove them
  • Have confidence in your bank balances


What people are saying about this 'Reconciling in QBO' course:

See what people have to say about this course. See all the reviews by clicking the 'Reviews' tab near the top of this page.


Instructional Level


Course Length

1 hour

Course Credits

1 CPE, Certificate of Completion

Field of Study


Delivery Method

QAS/Self Study/Blended

Who should take this class?

  • Business owners and employees who maintain their company’s financial records
  • Bookkeepers and Accountants who wish to brush up on their skills.

Watch it again later

You'll have lifetime access to the on-demand course including all handouts and class material. You'll also be able to ask questions in the Q&A forum and get answers, even years later. You can pause, rewind, speed up, and watch again and again as you apply what you learn to each situation as it crops up.


Other learners purchased these courses after completing this class:  

Explore new topics & join the hundreds of other business owners & accounting professionals who have enrolled in these courses after completing Reconciling In QuickBooks Online!




Want this course for FREE? Unlock this course & more for no extra cost with an OWLS Membership!

Get instant access to ALL of Alicia's QuickBooks courses for FREE when you become a silver member - it's the perfect way to maximize your learning!

Discover why so many business owners & accounting professionals are taking advantage of a Royalwise OWLS membership to gain valuable skills, earn CPE credit, & make more money.

With a Royalwise OWLS membership you’ll have the tools & support you need to achieve your business & professional goals. Enroll today to join a community of like-minded individuals & take advantage of all the benefits an OWLS membership has to offer!


OWLfred says, "Silver membership pays for itself in just two courses per month!"



Refunds & Cancellations

Please view our Terms of Service, for information on refunds, cancellations, and complaint resolution. To request a refund, please contact us.


Royalwise is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:



Course Credits: 1 CPE, Certificate of Completion. Must be awarded within one year of enrollment.

Course Updated: December 2021

Course Page Updated: February 2023

Here is the course outline:

Download the Handout

Download the handout that goes with the course.

Download the handout here

Understanding Reconciliations

Start by learning why Reconciling is essential to every business's monthly workflow.

Biz View vs Accountant View
What is Reconciling?
How Do Transactions Get Into QBO?

How to Reconcile

The basics of how to do a Reconciliation. It's more than just checking off the transactions that ARE on the statement, you need to managae the transactions NOT on the statement!

How to Reconcile Bank Accounts
Why Do I Have Unmarked Transactions?
How to Fix Duplicated Transactions

What to Do When the Difference Doesn't Equal $0

If the Reconciliation isn't quick and easy, here are the troubleshooting steps to locate and fix your discrepancies.

Steps 1 & 2: Identifying the Problem
Step 3: Marking Existing Transactions
Step 4: Finding Missing Transactions
Step 5: Transactions with the Wrong Dates
Step 6: Fixing Payroll Checks Drawn From the Wrong Account

What to Do When the Beginning Balance is Wrong

If you get an alert that your Starting Balance is off, here's what to look for.

How to Do Your First Reconciliation
Starting Balance Alerts

How to Complete Reconciliations

Finishing your Reconciliation, running reports, undoing past recs, and bonus content about managing corporate credit cards.

Finishing a Reconciliation
Reports and History to Verify Reconciliation
Undoing Previous Reconciliations
How to Reconcile Corporate Credit Cards

Take the Quiz

Take this quiz to demonstrate your mastery of the material. Pass the quiz with an 80% or higher to complete the Course, earn your Certificate, and win points!

Reconciling Quiz


The following certificates are awarded when the course is completed:

Royalwise CPE Certificate
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