Question

Which 3 statements are correct regarding reconciling a bank account in QuickBooks Online?

-Considded or matched in the Banking Center are automatically ntatively cleared
-Bank accounts can be reconciled only if they are connected through bank feeds
-To begin the reconcile process, you need to enter the statement ending date and ending balance from the relevant bank statement
-To view the Bank statement, select History by account
-Reconciliations must only be run at períad end to estimate tax owed
-The plimary admin can undo reconciliations

Answer 1

The correct statements regarding reconciling a bank account in QuickBooks Online are: transactions in the Banking Center are automatically tentatively cleared, bank accounts can be reconciled only if they are connected through bank feeds, and to begin the reconcile process, you need to enter the statement ending date and ending balance from the relevant bank statement.

Step-by-step explanation:

The correct statements regarding reconciling a bank account in QuickBooks Online are: transactions in the Banking Center are automatically tentatively cleared, bank accounts can be reconciled only if they are connected through bank feeds, and to begin the reconcile process, you need to enter the statement ending date and ending balance from the relevant bank statement.

To reconcile a bank account in QuickBooks Online, the following statements are correct:

1. Conceded or matched transactions in the Banking Center are automatically tentatively cleared.
2. Bank accounts can be reconciled only if they are connected through bank feeds.
3. To begin the reconcile process, you need to enter the statement ending date and ending balance from the relevant bank statement.

These statements outline the correct process for reconciling a bank account in QuickBooks Online.