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In this video, the presenter addresses the common question of how to undo a bank reconciliation in QuickBooks Online. The process begins by clicking on the gear menu in the top right corner and selecting "Reconcile." Next, the user must choose the bank account in question. The presenter emphasizes the importance of ensuring that the beginning balance matches the actual bank statement balance, as discrepancies can hinder the reconciliation process. A separate video link is provided in the description that explains how to fix bank reconciliation discrepancies, which may be the reason users seek to reconcile or undo a reconciliation.