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How do i reverse a J.E. that I debited undeposited funds and credited checking? I already reconciled the debited part so I cant undo it without throwing my balance off?

 
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QuickBooks Team

How do i reverse a J.E. that I debited undeposited funds and credited checking? I already reconciled the debited part so I cant undo it without throwing my balance off?

Hello there, @accounting28.

 

My priority is to make sure your able to reconcile your transactions without messing up your balance. Let's get this started!

 

If you want to make changes with your checking account, it will not affect the balance of your undeposited funds even if it is already reconciled. These two accounts need to be reconciled separately. However, if you will make changes on the Undeposited funds, then, it will affect your balance.

 

On the other hand, here's how you con reverse a journal entry:

  1. Go to Gear icon.
  2. Choose Chart of Accounts.
  3. Search for the account where the Journal Entry is applied on.
  4. From the Action column, choose View Register.
  5. Click the JE you've entered.
  6. Select Edit.
  7. In the transaction window, hit reverse.
  8. Click Save and Close.

For additional insight, you may check out this video tutorials:

 

Feel free to leave a comment below if you have other questions about the reconciliation process. I'm always here to help.

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