I have the same beef with this software and no one seems to understand what you're saying. Of course you only check the transactions that appear on the statement for the period you're reconciling. That's ABC. But why does QBO show transactions after the end date of the statement? That is just plain dumb and makes it really difficult to reconcile if you're cleaning up books for a client that has been entering for years without reconciling. I've been a bookkeeper since 1988 and in all that time i've worked with many different versions of QB. This is the first one that I've seen that has such a shortcoming, and its no small thing.