How can you reconcile your bank account in QuickBooks Online?

Reconciling your bank account in QuickBooks Online involves comparing your bank statement to the transactions recorded in QuickBooks. This process ensures that your financial records match your bank's records, helping to identify any discrepancies such as missing transactions, duplicates, or incorrect amounts.

When you reconcile, you look at your bank statement, typically a monthly statement, and systematically check each transaction against what has been recorded in QuickBooks. This process is crucial for maintaining accurate financial statements and for effective management of cash flow, as it allows you to confirm that all income and expenses have been properly accounted for.

The other options do not contribute to the reconciliation process. Changing the date of transactions could interfere with the accuracy of your records, hiding outdated transactions could lead to missed entries, and exporting data to Excel does not facilitate direct reconciliation within QuickBooks itself. These actions may obscure financial clarity rather than enhance it. Thus, comparing your bank statement to your transactions in QuickBooks is the fundamental and correct approach to reconcile your bank account.