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Carli_PLS
Level 1

Uncleared Payments, after Accounts have been reconcilled?

We have some "Uncleared Checks and Payments" and "Uncleared Deposits and Other Credits" after reconciling, and it is severely interfearing with our P&L reports.  How is the appropriate way to deal with such transactions, and not affect the reconcilled accounts?

2 Comments 2
Malcolm Ziman
Level 10

Uncleared Payments, after Accounts have been reconcilled?

If they aren't recent, then they probably are not really uncleared, and were posted in error and so should be edited or deleted. Eg. a Sales Receipt or Receive Payment was manually recorded posted to bank, and then when it came through the bank feed was added instead of matched, posted as income, thus duplicating the income, and bank

AldrinS
QuickBooks Team

Uncleared Payments, after Accounts have been reconcilled?

Hi Carli_PLS,

 

It's a pleasure to have you here in the Community. I'm here to share some information about handling uncleared checks, payments, deposits, and other credits.

 

Ideally, the appropriate way to deal with such transactions is to wait for the month when your bank clears them. During that period, that's the time when you'll want to reconcile them in QuickBooks.

 

I also recommend getting in touch with an accounting professional for a personalized opinion. Every business is unique and they can make suggestions for handling those uncleared transactions. Our Intuit Find-A-ProAdvisor site allows you to find certified professionals in your local area that are sure to have the answers you're looking for.

 

I'm always available here for all of your questions and concerns. Thanks for reaching out, wishing you continued success.

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