There are several outstanding checks from past years

Hello, @PJSASSONE.

When you close your books and add transactions from the previous period, it will cause imbalances in your financial record.

To resolve this issue, I recommend reopening the closed books and reversing the reconciliation. Afterward, it is advisable to re-do the reconciliation for the relevant period and then finalize it. If the transaction is related to 2024, it is important to date the checks under that particular period.

If the situation becomes significantly complicated, I also advise seeking assistance from an accountant to help you resolve outstanding checks from previous years.

I'll include this article for tailoring financial data to specific business needs, allowing for better decision-making and comprehensive analysis:   Customize reports in QuickBooks Desktop.

If you have additional inquiries regarding your outstanding checks from previous years, please leave a comment, and we'll respond to you as soon as possible.

@PJSASSONE 

To reverse outstanding checks from previous periods, create deposits for the same amounts as the checks and assign the same account to the deposits that were assigned to the checks.  Date the deposits in the current period.  The new deposits will offset the old checks and they can be cleared against each other the next time you reconcile the bank statement.  I would not make any attempt to reopen closed periods.