How do I clear a reconciliation adjustment?

Forum|Forum|7 years ago
October 16, 2018
1 reply
8 views

How do I remove reconciliation discrepancies that are showing on my chart of accounts? I un-reconciled all of the bank statements to a prior period and correctly reconciled them in QBO to match the bank statements. But that process did not remove the entries from the chart of account reconcilation discrepancies report.

Thank you, Debbie

QuickBooks Online

Best answer by lyndaartesani

Go to your chart of accounts. Find the reconciliation discrepancy account. Click to expand as a report. And then edit and delete each transaction to that account. Be careful doing this, however, as if any of these are from a closed fiscal period. You don't want to disturb that. You May have to make an adjustment to clear it.

lyndaartesaniAnswer

Level 4

Go to your chart of accounts. Find the reconciliation discrepancy account. Click to expand as a report. And then edit and delete each transaction to that account. Be careful doing this, however, as if any of these are from a closed fiscal period. You don't want to disturb that. You May have to make an adjustment to clear it.

L

lyndatuttcontr

What if I have disturbed a closed fiscal period, than what do I do ?

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