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Level 1

Is there anyway to make corrections after the month has been reconciled?

 
3 Comments
Community Champion

Is there anyway to make corrections after the month has been reconciled?

Correcting - or editing - anything in a bank transaction that affects neither the net amount or the bank account to or from it was posted will have ZERO effect on a completed reconciliation of that bank account. A reconciliation is only concerned with the single account being reconciled. 

 

The outlier would be affected loan payments and only if you had reconciled those loan accounts

Community Champion

Is there anyway to make corrections after the month has been reconciled?

Oh and if a company (intuit) rep comes on here saying you have undo or reverse the reconciliation in order to change expense accounts a cheque was posted to - they would be full of carp!

Level 10

Is there anyway to make corrections after the month has been reconciled?


@john-pero wrote:

Oh and if a company (intuit) rep comes on here saying you have undo or reverse the reconciliation in order to change expense accounts a cheque was posted to - they would be full of carp!


I don't think it is quite right to call a robot a rep

 

And the problem, as we see with this question that keeps on coming up, is that QBO stupidly warns you when you change anything on a reconciled transaction, even if it's just a note or even the distribution account; these things have no bearing on the bank rec, but scare people