Thank you for reaching out to us and sharing the details of your situation, Melissa. It's great to see that you're helping your family with their books, and I'm here to guide you through the reconciliation process to ensure everything is accurate and in order.
Reconciliation is an essential part of bookkeeping. This process involves matching your financial records with your bank statements to ensure all transactions are accounted for correctly. In QuickBooks Online, when using parent and sub-accounts, you typically reconcile the parent account as it aggregates transactions from the sub-accounts. However, I understand your specific issue and will guide you through the steps to resolve it.
If the Chart of Accounts has been set up correctly, you don't need to manually move transactions from Card B to Card A. You only need to reconcile the parent account. By correctly categorizing each transaction under the appropriate card as they appear, you ensure that all transactions from sub-accounts are reflected in the parent account's reconciliation.
Given that you've already reconciled Card A with transactions from Card B manually added to complete the process, you can either:
- Undo Reconciliation: Reach out to your accountant for help undoing the reconciliation in QuickBooks Online. Then, manually add the transactions for Card B back into its account and ensure the balances for both Cards A and B are accurate.
- Stop Excluding Transactions for Card B: Simply stop excluding transactions for Card B. Instead, categorize them correctly as they appear. When it's time to reconcile, focus on reconciling the parent account.
To help you with the process, here are some comprehensive articles for your reference:
It's also important to close your books to avoid accidental changes affecting your records. Here's a helpful guide on how to do that: Close your books in QuickBooks Online.
Furthermore, check in with our Live Expert Assisted team for tailored assistance with your family's books. They can provide personalized advice on ensuring accurate bookkeeping and valuable tips to help you excel as a beginner. This expert guidance will help you manage your finances with confidence and accuracy.
Your attention to detail and dedication to accurate records is commendable. If you have any further questions or need personalized assistance, our support team is always here to help. Feel free to reach out at any time here in the Community. Best of luck with your bookkeeping!
