Which three statements are correct regarding reconciling a bank account in QuickBooks Online?

When reconciling a bank account in QuickBooks Online, several key steps and facts are essential to ensure the process is completed accurately.

The first point highlights that transactions added or matched in the Banking center are marked as tentatively cleared. This is important because it allows users to see which transactions are in the process of being reconciled versus those that have already been fully cleared, helping to create a clear distinction during the reconciliation process.

Next is the role of the primary admin in undoing reconciliations. QuickBooks ensures that only those with the appropriate permissions can reverse reconciliations. This capability is significant for maintaining the integrity of financial records, as it prevents unauthorized alterations and allows for corrections if discrepancies are discovered after a reconciliation has been completed.

Furthermore, when starting the reconciliation process, it is necessary to enter the statement ending date and ending balance. This information is critical because it sets the context for what transactions are to be included in the reconciliation, ensuring that the user is reconciling against the correct statement period and balance.

All these statements are intertwined and form a foundational understanding of how the reconciliation process operates within QuickBooks Online, making the selection of all the statements as correct a comprehensive and informed choice.