Can I cancel a reconcile adjustment?

Hello, Gregory.

I'll be glad to show you how you can correct the reconciled bank accounts. I'll also give a bunch of screenshots to better help you out (click the images to enlarge them). 

You'll want to delete the checks created when adjusting your reconciliation. Then, undo the reconciled transactions one by one or in batch.

This will affect your books, so I'd recommend consulting with an accountant especially if you're doing this in a closed accounting period. They'll ensure your bank accounts are reconciled properly. 

Delete the adjustment checks:

1. Go to Accounting, then click the Chart of Accounts tab.
2. Find the Reconciliation Discrepancies account, then hit Run report.
3. Open each check, then click More 
4. Choose Delete, then hit Yes.

The next step is to undo your reconciliation. You can unreconcile your transactions one by one or in batch as mentioned before. For the manual process: 

1. Go to your Chart of Accounts again.
2. Find your bank account, then click View register. 
3. Select the reconciled transaction.
4. Under the "check" column, click the box until it turns blank. 
5. Hit Save, then click Yes on the prompt.

You can also delete the reconciliation adjustment check here. 

To undo them in batch, you'll want to let your accountant do it (if you've been invited to their QuickBooks Online Accountant firm). You can give them this article for a guide: Undo your client’s reconciliations with QuickBooks Online Accountant.

Next, start doing the reconciliation process again. You'll want to compare your bank statement with what was recorded in QuickBooks Online. For the complete guide, I'd recommend checking these articles out: 

• Reconcile an account in QuickBooks Online
• Learn the reconcile workflow in QuickBooks

Just a quick note on reconciliation adjustments: 

It's generally not recommended to create a reconciliation adjustment unless you have a penny difference after reconciling the transactions. Though, you'll want to look at what's causing the discrepancies first before doing this.

Check this article for a guide on fixing the differences. More details about reconciliation adjustment entries can also be found here. 

If ever you need help with other workflows and tasks in QBO, you can always browse our articles and topics here. 

Don't hesitate to get back here if you have other questions for QBO. I'm more than happy to show you what else you can do in the program. 

Hi Jamespaul, 

I finally take the time to study your answer, thank you for taking the time! 

I did all what you suggested, deleted the checks in the Reconciliation Discrepancies and put a blank at every Reconciled transactions. 

So now I was about to start reconciling again but I am facing this problem (please see Screenshot attached).

I've been reading all your Post on how to reconciled and "Fix beginning balance issues if you've reconciled the account in the past QuickBooks Online" but I don't find the issue. 

I can't do anything on the Discrepancies Reports because I deleted them. And I don't know from where I have to reconcile again. I thought I would be able to reconcile from the very beginning again, but QBO is starting from my last Reconciliation statement. 

So how can I make my balance right and reconcile all the previous transactions that I've just turn to "blank" in the Register Column?

Thanks for your lights!

Best,

Greg