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Welcome to In The Know! Learn about the most exciting innovations across the QuickBooks Online ecosystem. Subscribe to make sure you don't miss a beat as fresh episodes come out each week. This episode is all about the enhancements to QuickBooks Online and more specifically How to reconcile a bank account. Plus - you'll hear directly from ProAdvisor Carla Caldwell on how this update was brought to life. 0:00 - Introduction 0:59 - How to view an account statement inside of QuickBooks & reconcile a bank account 1:27 - How often and when should reconciliation happen? 2:35 - What makes a reconciliation successful? 4:43 - Viewing the account statement 5:52 - Viewing past reconciliations 6:28 - Manually upload a statement right in QuickBooks 7:38 - Accessing the sample company 8:48 - How to reconcile step-by-step 9:25 - How to check if there are unmanaged transactions in the bank feed before reconciling 10:10 - Matching the bank statement balance to the QuickBooks book balance 11:17 - Changing dates or making an edit 11:42 - Filters 13:04 - Selecting, editing, and adding memos to transactions 14:59 - Marking as reconciled 16:33 - Resolving reconciliation issues 17:26 - Getting a reconciliation discrepancy report 18:52 - Likely causes of reconciliation discrepancy 21:22 - A process for fixing issues 22:28 - How to undo a reconciliation 23:12 - When to undo a reconciliation 24:20 - Always download the reconciliation report prior to undoing a reconciliation 25:00 - Reviewing the reconciliation summary report 27:04 - Reviewing ‘Additional Information’ page 27:33 - Additional accounting & reconciliation tips 28:34 - Outro Visit the In The Know Hub: https://intuit.me/intheknow Subscribe to our YouTube channel: http://intuit.me/3bOj0M2 Visit QuickBooks.com: http://intuit.me/QBO #QuickBooks