Regina_Lend_A_Hand_Accounting
Level 9

Banking

 

 

@David-212915 

Thank you, David

 

I agree that you can make "manual" changes to the status of transactions within the account registers and it can result in the correction of the account balance on a given date. However, if you change the reconciliation status of an item directly within the account register there will be no reconciliation report that reflects this as the process of "reconciliation" has not actually been done. This is not about a preference, this is about the cause and effect of the order of operations. Best practices are developed by Accountants that are using QBO on a daily basis for many clients. Small business owners should understand what happens when they circumvent the recommended process for entering and reconciling transactions. They will actually lose reporting ability and they can easily miss something that they would see in the reconciliation screen. Just because an article was written that explains how you can correct account balances within the account register manually, does not mean that it is the best practice, or even most efficient.