New QBO Reconcile Feature

The New Reconcile feature is ‘light’ and more in-line with other QuickBooks Online features in terms of design and appearance.
The Initial screen really seems no different in ‘what’ you must capture to begin the reconcile, the account of course, the beginning and ending statement balance along with the statement (ending) date, as well as any service charges and/or interest earned. (At least all this same information is required in a QB Desktop reconcile.)
By the way, in the event your statement beginning balance doesn’t agree with QuickBooks, you’ll receiving an “alert” (yellow outlined) message like the one shown in the next illustration. This alert tells you to “Hold on! Your account isn’t ready to reconcile yet.”
You can click the “Let’s fix this discrepancy” link within the message to begin the process of troubleshooting the problem. Personally, I like the logic that’s built into QuickBooks Online. This is one example of where that logic can really come in handy.
Once you pass the initial screen and begin the actual transaction reconcile, rather than a side-by-side display of the debits and credits, the new display contains all of your transactions (on the All tab). By default the transactions appear in a date-by-date order.
Source: InsightfulAccountant
By: William Murphy Editor Senior