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Ralphthefluffycat
Level 2

Will changing transaction categories mess up my previously completed reconciliations?

QBO has been a pain lately and bank feeds haven't been working for a few of my client's accounts, and it won't let us upload bank statements into QBO, so I have spent the past hour individually manually entering transactions. However, my client does their own categorizations, so I just assigned everything to the "Ask the Client" expense account. I am now ready to reconcile. Should I wait for my client to properly categorize these transactions into COGS and various different expense accounts before I reconcile? Or can I go ahead and reconcile prior to the recategorizations? I don't want my reconciliations messed up, and I don't know if changing categories from say "Ask the Client" account to "Office Supplies Expense" or to "COGS" will alter/mess up the reconciliations.

 

Thanks! :)

1 Comment 1
Kristine Mae
QuickBooks Team

Will changing transaction categories mess up my previously completed reconciliations?

Let me address your concern, Ralphthefluffycat.


Changing the categories might mess up the reconciliation. I suggest reconciling the bank once your client is done with assigning the accounts. 

 

I'll share some articles about reconciliation that can help you:

Feel free to drop a comment below if you have more questions. We'll answer you as soon as we can.

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