How to reconcile a current asset wrongly categorised. I have 3 accounts with small.balances all should be zero ,do I just delete all.accounts.
Hi I have 3 actives with small.balances all.accounts should be zero how do I achieve this do I delete all.3 accounts or undo all transactions posted to these accounts ,I tried reconciling did not allow,suggestions welcome.
I can guide you on how to correct accounts with incorrectly classified transactions in QuickBooks Online.
If you have three accounts with small balances that should be zero, deleting the accounts may not be the best solution. Instead, let's go through the steps to reconcile these accounts properly. The first thing we need to do is to review the transactions posted to these accounts. This will help us identify any transactions that may have been mistakenly categorized or posted incorrectly. Make note of these transactions.
Then, undo the transactions to correct any mistakenly categorized transactions, you'll need to undo them. Go to the account register for each account and locate the transactions that need to be adjusted. Select and delete these transactions or edit them to correct the account categorization.