---
title: Using the QuickBooks AI-Powered Reconcile Companion
description: This procedure explains how to reconcile accounts in QuickBooks using the AI powered Reconcile Companion to ensure account balances match financial statements.
---

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# [Using the QuickBooks AI-Powered Reconcile Companion](https://blog.insightfulaccountant.com/using-the-quickbooks-ai-powered-reconcile-companion)

 Written by [William Murphy](https://blog.insightfulaccountant.com/author/william-murphy) | Mar 30, 2026 4:45:00 AM

This procedure explains how to reconcile bank and credit card accounts in QuickBooks Online using the AI‑powered Reconcile Companion to ensure account balances accurately match financial statements.

**Overview**

Reconciliation is a monthly process that compares transactions recorded in QuickBooks with those shown on bank or credit card statements. The Reconcile Companion assists by extracting statement data and matching it to existing transactions in QuickBooks Online.

**Prerequisite**

 

- ** **Monthly bank or credit card statement
- Access to **Accounting** within QuickBooks Online

**Procedure**

- Navigate to **All apps**, select **Accounting**, and choose **Reconcile**.
- Enter the statement **Ending balance** and **Ending date**.
- Select **Upload from this device** and upload the corresponding bank or credit card statement.
- Allow the Reconcile Companion to extract and analyze the statement data.
- Select **Start reconciling**.

**Reviewing Transactions**

Select the checkbox next to each transaction that matches the statement. As transactions are selected, the **Cleared balance** updates automatically. Reconciliation is complete when the **Difference** equals **$0.00**.

**Troubleshooting**

**Completing the Reconciliation**

Once the difference is **$0.00**, select **Finish now**, then **Done**. QuickBooks automatically saves a reconciliation report.

**Referencing your Reconciliation**

Reconciliation reports can be accessed from the **Reconcile** page by selecting **History by account**.

Supplemental Checklist

To assist you or your clients with this process, you will find a Checklist graphic below that can be reproduced for either educational or instructional purposes.

 

 

 

 

 

[View full post](https://blog.insightfulaccountant.com/using-the-quickbooks-ai-powered-reconcile-companion)

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