How to reconcile transactions in QuickBooks Online

Navigate to your Banking section

Select the business bank account you receive your payouts in

Find and select the payout from your sales platform

Select the "Record as transfer" field.

Select the Clearing Account that corresponds to the payment provider for the payout

Select "Add"

In the navigation bar, select "Accounting" and then "Reconcile"

Enter the date that you are reconciling for

Enter your ending balance and click "Start reconciling". Note: Your clearing account balance balance may vary based on timing differences, time zones and payouts still in transit.

Select the applicable transactions from your chosen period. Don't forget you can use the filter at the top left if necessary!

Once you've selected your transactions and your Deposits and Payments match your ending balance, Quickbooks will display a green checkmark. You can then select Finish Now.