Reconcile is a feature in QuickBooks Online that allows you to match your transactions list to the ones the bank has. Every month you’ll Reconcile your checking and savings accounts, credit cards, PayPal, and loans. I even reconcile my current liabilities like Payroll Taxes at least once a year to make sure nothing was posted there in error.
Reconciling is a necessary process, even if you’re in Banking every day, because it’s your opportunity to double-check your accuracy. You’ll discover transactions entered twice. You’ll find transactions that you entered, but that never happened in the real world......