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

 
3 Comments
Established Community Backer ***

Re: 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

Established Community Backer ***

Re: 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!

Established Community Backer ***

Re: 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