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R
robinstein
February 21, 2019
Question

reconcilliation adjustment problem

  • February 21, 2019
  • 1 reply
  • 0 views

I was reconciling my account - I accidentally had it create a reconcilliation adjustment ... How do I get rid of that - because if I delete or unreconcile that transaction it puts my opening balance off. 

 

 

Please help

1 reply

PreciousB
PreciousB
Level 6
February 21, 2019

Hi robinstein,

 

I'm here to help you delete the reconciliation adjustment.

 

You can run the Reconciliation report to locate and delete the adjustment. 


Let me show you how:

  1. Click Reports on the left pane.
  2. Enter and select Reconciliation reports in the search box.
  3. Click View report beside the reconciliation.
  4. Click the Adjustment section (see the screenshot below).
  5. Click More on the transaction and select Delete.

 

If the opening balance is still off, check out this article for the steps on how to fix it: Fix an opening balance to match a bank statement.

 

The steps above should help you correct the reconciliation. Please reach out to me if there is anything else I can help you with. I'll always be here to assist you. Have a good one.

qbteachmt
qbteachmt
Level 11
February 21, 2019

@PreciousB 

 

Please learn from this input.

 

@robinstein 

This is Fine: "because if I delete or unreconcile that transaction it puts my opening balance off. "

 

Now you will ignore the beginning balance because you Affected it. Your Housekeeping changed it. The Beginning Balance is the Net of all previously Cleared transactions. When you do housekeeping that removes or replaces or changes transactions, that you know is the Right thing to do and you know the Values are right, of Course you affected that Beginning Balance if these were previously marked as Cleared/reconciled because you affected their status. So, ignore that beginning balance. When you Re-reconcile, you Checkmark the recreated transactions that you know were previously that Status of Cleared, to show you are back on track. You should still use the Ending Balance as your goal; that is Always your target. You should get a difference of 0, compared to that ending balance; that is Always your goal.

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