Undo multiple bank reconciliations Quickbooks DESKTOP

Hi, roxy5. 

You can only undo the most recent reconciliation. Let me add further on this.

Although you can't undo multiple bank reconciliations in QuickBooks Desktop (QBDT), undoing them one at a time ensures you can locate discrepancies and maintain accurate financial records. You can undo a bank reconciliation by selecting Reconciliation from the Banking dropdown and clicking Undo Previous Reconciliation.

When you do so, you will be prompted with a warning that you should back up your company file and some changes that will take effect after the reconciliation is undone. As such, I suggest creating a backup and printing out your previous reconciliation reports before undoing previous reconciliation in case you need them for historical data.

I'll add this article in case you encounter issues in your reconciliation process: Fix issues when you're reconciling in QuickBooks Desktop.

You're always welcome in the QuickBooks Community if you have further updates or concerns about undoing reconciliations in QBDT. Take care. 

So the answer is actually YES, you can undo multiple months of bank reconciliations, but they must be "UNDONE" one month at a time. Which is what I was asking, but did not phrase my question well.

I've already started to "UNDO" for the last 2 months, and the re-reconciliations are going well. One follow-up question for you: there was a small amount of interest, $1.18, for Oct. I just finished reconciling Oct and everything balanced. Why, when I begin Nov reconciliation, does it show that I have $1.18 interest for Oct that is not reconciled?  See screenshot attached.

Hello @roxy5, thank you for getting back to us. I'm here to assist you with your additional query regarding the remaining interest appearing after undoing a reconciliation.

Based on the screenshot you provided, it seems that your QuickBooks reconciliation ending date is set to the 30th of every month. QuickBooks usually depends on the clearing of transactions, which could be the reason why the $1.18 interest amount from October is still showing up in November.

It's important to note that the QuickBooks reconciliation process is closely related to transaction clearing, and the reconciliation ending date can influence how certain transactions, including interest amounts, are carried over from one month to the next.

Additionally, I want to share with you some helpful links that contain information on how to troubleshoot reconciliation discrepancies and handle accounting-related tasks in your company:

• Fix issues when you're reconciling in QuickBooks Desktop
• Learn the reconcile workflow

Looking forward to seeing your response here. I'll be sure to continue and address your concern. Have a good one.

No, actually nothing to do with the date. I think it is a deficiency with Quickbooks when there is an "undo reconciliation". Happened to me twice during different reconciliation redo's where interest was involved. There seem to be other community comments about it as well.  Are you a bot?

I understand the concept but, if I work backwards from Dec of 24 all of my starting balances and ending balances will be off, can I start with January 2024 and work my way forward? If yes, how? I'm using mQB Enterprise Solutions manufacturing and wholesale 24

Hi European window,

Thanks for joining the thread. Yes, you can start with January 2024 and work your way forward. To ensure your starting and ending balances remain accurate, undo each month's reconciliation one at a time. Once the reconciliation for January is undone, verify and adjust balances before proceeding to subsequent months. Let me guide you through the steps.

Here’s how you can undo reconciliations in QuickBooks Enterprise Solutions Manufacturing and Wholesale 24 starting from January and moving forward:

1. Access Reconciliation. Go to the Banking menu and select Reconcile.
2. Click on Undo Last Reconciliation. Ensure you back up your company file before proceeding.
3. Confirm the undo process for January’s reconciliation.
4. Verify January’s starting balance and correct any discrepancies by comparing it to your bank statement.
5. Adjust entries to ensure your records match the actual bank entries, ensuring accuracy before moving to the next month.

Remember that it's always a good idea to reach out to your accountant as these kinds of changes can get complicated and unbalance your accounts.

For additional reference, feel free to access this helpful article: Fix issues when you're reconciling in QuickBooks Desktop.

Lastly, after you finish reconciling, refer to this article to customize your reconciliation reports: Customize reports in QuickBooks Desktop.

If you have any more questions or need further assistance, please consider this thread open and active to assist you anytime. We’re here to support you.