Yes, Tracy. To correct transactions from reconciliations of a previously reconciled bank statement in QuickBooks Online (QBO), you need to undo those transactions. Let me walk you through the process.
It's important to remember that you can only undo one transaction at a time. If you require a complete restart, it's advisable to contact your accountant as they're the only ones authorized to undo entire reconciliations.
If you prefer to handle it independently, you can undo a reconciled statement by manually unreconciling each transaction. Here's how:
1. Click on the Gear icon at the top.
2. Choose Chart of Accounts.
3. Locate and choose the account you're working on, then select Account History.
4. Select the transactions you want to unreconcile.
5. Keep clicking the R status until it shows blank or cleared (C).
6. Hit on Save.
7. Tap Yes to confirm.
I also recommend seeking advice from your accountant to guarantee precise record-keeping practices are maintained.
In case you come across any errors or encounter difficulties during the reconciliation process, I suggest referring to the following articles for detailed guidance:
Should you have any additional questions or require further assistance regarding reconciliation within the program, kindly comment below. I'm here to offer the help you need to ensure your QuickBooks management runs smoothly and efficiently.
