We will enter a bank reconciliation for the first second of operation in QuicKBooks Online. Bank reconciliation are one of the most important internal controls an accounting system can have. The biggest internal controls is the double entry accounting system itself. The use of accounting software like QuickBooks Online requires us to be in balance by not allowing us to enter a financial transaction that is not in balance. The second most important internal control is the bank reconciliation. Because the bank is process our transactions a second tome the reconciliation process gives us a second check on many financial transactions. For more accounting information see our website. http://accountinginstruction.info/