Quickbooks Online allows bank reconciliations at any time, but there is limited ability to lock down the data. If you are using a general accounting platform, though you can reconcile data to ensure all transactions are present, you must be careful they are properly coded (including the customer), as this is not automatic or necessarily correct. To learn more about the challenges that law firms face when trying to utilize QBO, read The Critical Challenges of Using QuickBooksTM Online for Law Firms by QuickBooks expert Caren Schwartz.
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