cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 2

correcting previous bank reconciliations with wrong date QB online

I enter 1/31/2020 instead 1/31/2019 I need to change this date so I can continue with 2/28/2019 

any help wit this 

9 Comments
Highlighted
Level 11

correcting previous bank reconciliations with wrong date QB online


@Burn1 wrote:

I enter 1/31/2020 instead 1/31/2019 I need to change this date so I can continue with 2/28/2019 

any help wit this 


 

@Burn1

 

See you can click the "Edit info" button on the Reconcile page and change the ending date.

If you've reconciled with the wrong ending date (1/31/2020) try to reconcile with 2/28/2019 next, see what happens.

 

edit-info.PNG

Highlighted
QuickBooks Team

correcting previous bank reconciliations with wrong date QB online

Good Evening, @Burn1

 

Welcome back to the Community. Yes, @vpcontroller is correct. You can edit the information by clicking Edit info on the reconciling page if you haven't finished it yet. If you've finished the reconcile already, then you'll need to undo the reconciliation through the QuickBooks Online Accountant version.  Once your accountant is invited by you to see your company data, then you can follow the steps below. 

 

Undo a Reconcile

  1. Click the Gear icon and then Reconcile under "Tools." 
  2. Select the Reconcile tab and then History by account
  3. Press History by account
  4. Choose Account and Report Period
  5. From the drop-down arrow beside View report, pick Undo
  6. Click Yes to confirm and then Undo.

It's that simple! Here are a few extra articles that can help you along the way: 

 

Should you need further assistance, don't hesitate to contact me. Have a splendid day! 

Highlighted
Level 2

correcting previous bank reconciliations with wrong date QB online

This is share software and my accountant has access to my files so what you are saying I cannot do this myself, but he has to do it? Is that correct .

Also, now that I am looking deeper, I am founding some more mistakes in the previous reconciling’s,
The mistakes happen buy using the pup up calendar change the month but did not pay attention to the year.
I do this once a year so the month that supposed to be is not the month that I am doing the reconciliation
The best solution to my problem right now is if I could change the date instead deleting the reconciliation and doing it over.
Let me know if anything like that evaluable.
Kosta

 

Highlighted
Level 2

correcting previous bank reconciliations with wrong date QB online

Also, now that I am looking deeper, I am founding some more mistakes in the previous reconciling’s,
The mistakes happen buy using the pup up calendar change the month but did not pay attention to the year.
I do this once a year so the month that supposed to be is not the month that I am doing the reconciliation
The best solution to my problem right now is if I could change the date instead deleting the reconciliation and doing it over.
Let me know if anything like that evaluable.
Kosta

Highlighted
QuickBooks Team

correcting previous bank reconciliations with wrong date QB online

Let me share some information to ease your confusion, @Kosta.

 

Changing the Ending date of your reconciled transactions depend on its status. You can still edit it if you haven't completed the process. You can follow the steps provided by @vpcontroller.

 

However, if it is already completed and you still choose to change the ending date, you can do either of the following:

  • You can just leave the ending date as it is. Just make sure to select the correct Starting and Ending date in your next reconciliation. You can do this in your existing QuickBooks Online account.
  • The other way is to undo the previous reconciliation that you've made. You can undo it automatically if you're using the QuickBooks Online for Accountant version. You can follow the steps provided by my colleague, @Candice C.
  • But if you're using the regular version of QuickBooks Online, you'll have to edit the reconciliation status of each transaction one at a time.

Just a heads-up, having an incorrect ending date does not affect any of your balances. Also, this does not prevent you from doing your future reconciliation.  Since your accountant has access to your company, I'd suggest consulting with him or her so you'd be guided on the right steps to follow.

 

Fill me in if you have other questions. I'm always here to help.

Highlighted
Level 2

correcting previous bank reconciliations with wrong date QB online

I came to conclusion that I do not have to worry about the date, and I will continue with my reconciling the bank statements.
But I run to two other problems.
1) My QB Online synchronize automatically with my bank so I never had any problem finding any entries it always matches the bank. But this time I have deposits that shows in the bank statement, but they are not in the banking part of QB now I know that I have invoice and receipt of the check from my customer and is deposited the undeposited Funds it’s there but is not showing when I am trying to reconciling the bank.
2) Also, I find out when I reconcile the funds doesn’t removed from Undeposited Funds. My undeposited funds is a big number
Can you help me with two issues please?
Kosta

Highlighted
Moderator

correcting previous bank reconciliations with wrong date QB online

Hello, @Burn1.

 

This means you have paid invoices in QuickBooks that are yet to be deposited to your bank. The Undeposited Funds is like a virtual cash register and will not be part of your reconciliation yet. They will have to be moved to your bank for you to reconcile them.

 

Let’s try to deposit those payments to your bank in QBO.

 

Go to Sales > Invoices tab > and look for those with the STATUS: Paid (Not deposited) then click on one of those to open the invoice.

 

 

Once you’ve opened the invoice click the payment made link and the date as shown below to open the Receive Payment page.

 

 

On the Receive Payment page, click on the drop down for Deposit to and select your Bank account.

Depot to bank.PNG

 

 

After doing this, your Undeposited Funds balance should decrease and will be zeroed out once you’ve deposited all payments to your bank.  As a result, those funds or transactions will appear on your reconciliation.

 

If you have other questions, please leave a comment below and I'll be happy to answer them. 

 

Highlighted
Level 2

correcting previous bank reconciliations with wrong date QB online

Thank you let me try and i will let you know.

Kosta

Highlighted
Level 2

correcting previous bank reconciliations with wrong date QB online

i am still working on the problem i will let you know.

thank you,

Kosta

Need to get in touch?

Contact us