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2robertc
Level 4

Corrected JEs tied to cleared bank transactions - Now What?

I thought it was going to be easy (and I'm hoping it is).

  • I deleted Journal entries that included deposited items (8 to be exact) (Snip of Discrepancy Report Attached)
  • I then entered the corrected Journal Entries and thought it was going to be as easy as opening my Checking Account and "checking the box" next to the new transactions to clear them
  • When I tried doing that, I got this ominous popup box entitled "Cleared Transaction Warning" (See snip)
  • I immediately clicked "No" and here I am.

I'm hoping someone will take the time to provide guidance on how I go about fixing the last 8 months of reconciliations.

 

Much appreciated.

 

Rob

Solved
Best answer March 12, 2019

Best Answers
Alessandra_B
QuickBooks Team

Corrected JEs tied to cleared bank transactions - Now What?

Thank you for getting back to me, @2robertc.

 

Yes, it's possible to undo your reconciliation in QuickBooks. Let me provide some details and help you with this.

 

When you undo your last reconciliation, there is no limit as to how far back you can go. But when you undo them, you'll need to undo them one reconciliation at a time. Here's how:

  1. Click on Banking from the menu bar.
  2. Select Reconcile.
  3. On the Begin Reconciliation pop-up, select Undo last Reconciliation.
  4. A message to back up the company file before undoing a previous reconciliation is displayed. If you have already created a backup, click Continue.
  5. Click Ok when the message Undo Previous Reconciliation has completed displays. Note that the last reconciled on date has reverted to the previous date.

Once you've done this for all 8 reconciliations, you can start reconciling them again. 

 

Also, your bank register is what you'll need to compare with your bank statement to check for discrepancies.

 

You may read this article for more information: Resolve Common Issues on Previous Reconciliation Report.

 

Feel free to let me know if you have any other concerns. I'd be glad to help you. Have a good one!

View solution in original post

4 Comments
Alessandra_B
QuickBooks Team

Corrected JEs tied to cleared bank transactions - Now What?

Hello @2robertc,

 

I appreciate your effort in recreating those deleted journal entries. Let me help you correct your reconciliation.

 

You can undo your reconciliation for the past 8 months to correct it. Also, there is no specific period as to how far back you can undo your reconciliation. This means that you'll be able to undo 8 months worth of reconciliation and reconcile them again.

 

You can undo your reconciliation by clicking on Banking from the menu bar and choosing Reconcile.

 

Please let me know if you have any questions. I'll be here to assist you.

2robertc
Level 4

Corrected JEs tied to cleared bank transactions - Now What?

Hi Alessandra - You are correct, I deleted Journal entries in previous reconciliations but immediately recreated other journal entries for the same amounts, so I know exactly which 8 transactions across 8 months need to be included in the previous reconciliations.  Would it be easier or is it even possible to "undo" all the reconciliations I did and just reconcile the months again?  I know I can "undo the previous reconciliation" but didn't know how far back I could go.

 

I'm going to need a lot of hand holding.  I've searched for the "Bank Register Report" and can't seem to to find it.  Thanks for providing additional instructions.  

Alessandra_B
QuickBooks Team

Corrected JEs tied to cleared bank transactions - Now What?

Thank you for getting back to me, @2robertc.

 

Yes, it's possible to undo your reconciliation in QuickBooks. Let me provide some details and help you with this.

 

When you undo your last reconciliation, there is no limit as to how far back you can go. But when you undo them, you'll need to undo them one reconciliation at a time. Here's how:

  1. Click on Banking from the menu bar.
  2. Select Reconcile.
  3. On the Begin Reconciliation pop-up, select Undo last Reconciliation.
  4. A message to back up the company file before undoing a previous reconciliation is displayed. If you have already created a backup, click Continue.
  5. Click Ok when the message Undo Previous Reconciliation has completed displays. Note that the last reconciled on date has reverted to the previous date.

Once you've done this for all 8 reconciliations, you can start reconciling them again. 

 

Also, your bank register is what you'll need to compare with your bank statement to check for discrepancies.

 

You may read this article for more information: Resolve Common Issues on Previous Reconciliation Report.

 

Feel free to let me know if you have any other concerns. I'd be glad to help you. Have a good one!

View solution in original post

2robertc
Level 4

Corrected JEs tied to cleared bank transactions - Now What?

I take it re-reconciling is the only way to address the mistake which makes perfect sense.  I appreciate your prompt replies to my question.  Thanks so much for your help.  I know where to find you if I run in to any issues along the way.

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