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Reconcile accounts that have online banking

You reconcile accounts that have online banking the same way that you reconcile other banking accounts in QuickBooks, using the paper bank statement sent to you by your financial institution.

However, with online banking, QuickBooks helps you match downloaded transactions to the ones already in QuickBooks. By the time you reconcile, most of your transactions will have been checked against the downloaded ones, so your records should be accurate and the process fast. What if there's a discrepancy?

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