Reconciliation

Thanks for coming to the Community with your concern, walton123.

Let me provide information about uncleared transactions and how they affect the reconciliation process.

Before taking further steps, I recommend consulting your accountant for professional guidance on reconciling your accounts properly. 

Firstly, uncleared transactions do not affect reports like the Profit & Loss and the Balance Sheet, which are both reported in cash or on an accrual basis. Once the transactions are cleared by the bank, they'll be included in the reconciliation. 

You can then proceed with the reconciliation for November and leave uncleared transactions as they are, as long as QuickBooks doesn't detect any discrepancies.

If there are any discrepancies, you'll need to review and fix them. You can check out this article for detailed steps on resolving issues with previously reconciled accounts: Fix issues for accounts you've reconciled in the past.

Once everything looks good, you can proceed with reconciling your account. 

In case you need to undo a reconciliation, this article can help: Undo or remove transactions from reconciliations.

Feel free to reply here if you have any other concerns about reconciling your accounts. I'm happy to help out.

@walton123 

@AnneMariee's advice of "Firstly, uncleared transactions do not affect reports like the Profit & Loss and the Balance Sheet, which are both reported in cash or on an accrual basis." is incorrect.  Like, really incorrect. 

If you're seeing a transaction in your bank reconciliation, then it has hit your balance sheet for sure and possibly your P&L.  If it's sitting in bank transactions waiting to be matched, then it has not hit your balance sheet or P&L.  The deposit and payment are both posting to your bank account and also posting to whatever accounts are assigned to the deposit and the category or item that are on the bill that was paid.