Question

Undo multiple bank reconciliations Quickbooks DESKTOP

6 replies
466 views

Can I undo the last 2 bank reconciliations? Or can I only undo the most recent reconciliation?

QuickBooks Desktop

AlverMarkT

Moderator

Hi, roxy5.

You can only undo the most recent reconciliation. Let me add further on this.

Although you can't undo multiple bank reconciliations in QuickBooks Desktop (QBDT), undoing them one at a time ensures you can locate discrepancies and maintain accurate financial records. You can undo a bank reconciliation by selecting Reconciliation from the Banking dropdown and clicking Undo Previous Reconciliation.

When you do so, you will be prompted with a warning that you should back up your company file and some changes that will take effect after the reconciliation is undone. As such, I suggest creating a backup and printing out your previous reconciliation reports before undoing previous reconciliation in case you need them for historical data.

I'll add this article in case you encounter issues in your reconciliation process: Fix issues when you're reconciling in QuickBooks Desktop.

You're always welcome in the QuickBooks Community if you have further updates or concerns about undoing reconciliations in QBDT. Take care.

R

roxy5Author

So the answer is actually YES, you can undo multiple months of bank reconciliations, but they must be "UNDONE" one month at a time. Which is what I was asking, but did not phrase my question well.

I've already started to "UNDO" for the last 2 months, and the re-reconciliations are going well. One follow-up question for you: there was a small amount of interest, $1.18, for Oct. I just finished reconciling Oct and everything balanced. Why, when I begin Nov reconciliation, does it show that I have $1.18 interest for Oct that is not reconciled? See screenshot attached.

A

AbegailS_

Level 6

Hello @roxy5, thank you for getting back to us. I'm here to assist you with your additional query regarding the remaining interest appearing after undoing a reconciliation.

Based on the screenshot you provided, it seems that your QuickBooks reconciliation ending date is set to the 30th of every month. QuickBooks usually depends on the clearing of transactions, which could be the reason why the $1.18 interest amount from October is still showing up in November.

It's important to note that the QuickBooks reconciliation process is closely related to transaction clearing, and the reconciliation ending date can influence how certain transactions, including interest amounts, are carried over from one month to the next.

Additionally, I want to share with you some helpful links that contain information on how to troubleshoot reconciliation discrepancies and handle accounting-related tasks in your company:

Looking forward to seeing your response here. I'll be sure to continue and address your concern. Have a good one.

Sign up

Login with SSO

Let's get you signed in

Login with SSO