It’s similar to reconciling your bank accounts to reconcile your credit card balances. It requires verifying that all transactions are appropriately recorded by comparing your credit card statements to your accounting software.

To reconcile your credit card accounts, follow these steps:

• Compare your credit card statement to your accounting software to ensure all transactions match.
• Investigate any discrepancies and correct them as necessary.
• Reconcile any outstanding transactions that haven’t cleared yet.
• Make necessary adjustments to your accounting records to match your credit card statement.