A bank-reconciliation in QuickBooks is an electronic balancing of your company bank accounts, such as checking or savings accounts. A reconciliation matches items you enter into QuickBooks ...

Once you have corrected the opening balance in your account, you should attempt to reconcile your accounts with your bank statement to make sure all transactions were processed correctly.

Reconciliation is an accounting procedure that compares two sets of records to check that the figures are correct and in agreement.