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Level 2

How do I replace an incorrectly reconciled amount? I reconciled an expense back in August 2020 with an incorrect tax code. How do I replace and update?

 
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QuickBooks Team

How do I replace an incorrectly reconciled amount? I reconciled an expense back in August 2020 with an incorrect tax code. How do I replace and update?

Hi kath5, 

 

If you are looking to replace the transaction please click here for the steps on how to do so.

 

Instead of replacing you could amend the transaction where you would be looking at going to the account history in order to edit the GST coding. To do so you can use the steps below:

 

  1. When signed into the file, select Chart of Accounts on the left-hand menu, then find the account you are reconciling and select Account History
  2. Next when you are in the bank register, find the transaction back in August 2020, you can use the Filter icon in the top left to filter the dates. 
  3. Select the transaction, and click Edit.
  4. This will open it's details where you can make the changes to the GST coding before hitting Save and close.

 

Please note: In both cases if the total amount of the transaction changes from it's previous amount reconciled it will throw out the balance, so it's important it still matches the statement.

 

If the amount needs to be changed to reflect the bank statement, you will need to seek an accountant user to undo reconciliation report before relodging the period. 

 

Thanks, 

 

-Steven