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Waldo69
April 2, 2021

Reconciliation

  • April 2, 2021
  • 1 reply
  • 1 view

How do I remove a past reconciliation that was done incorrectly? 

    1 reply

    Jen_D
    Jen_D
    Level 8
    April 2, 2021

    Thanks for posting here about your reconciliation, @Waldo69,

     

    There are 2 ways to get a reconciliation undone in QuickBooks Online. First, you can request for an accountant use to undo it or use the second option to manually unreconcile an entry.

     

    For the first option, see this link for the steps: Undo a client’s reconciliation in QuickBooks Online Accountant

     

    If you opt for the latter option, follow the steps below:

     

    1. Click the Gear icon, then tap Chart of Accounts.
    2. Find the account you want to review.
    3. From the Action column, click View register.
    4. Locate the entry from the list that shows a code R (Reconciled).
    5. Click the field to remove the reconciled status. Leave the status Blank to uncleare it and be tagged as unreconciled.
    6. Once done press Save. To give you an idea on how it looks like in QBO, see this screenshot:

       

     

    You can also find these steps from this article: How to unreconcile a transaction or undo a reconciliation.

     

    If you have any additional questions about a reconciliation in QBO, let me know in the comment below. Have a wonderful day!

    W
    Waldo69Author
    April 2, 2021

    Thanks for the quick reply @Jen_D . Following the instructions, I found close to 1k entries with the "R" designation. I really messed something up, is there any way to make a bulk change or must it be one transaction at a time? 

    IamjuViel
    IamjuViel
    Level 8
    April 3, 2021

    Thank you so much for your help! The information has been very helpful. Quick question about "C" and when it should be used. Aside from the transaction labels with the "R", the remaining have the C designation. Should I be selecting "C" designation as I remove the reconciliation? 


    It's great to have you here, @Waldo69.

     

    Let me share additional information about how you can manage and reconcile your downloaded bank transactions.

     

    C means that the transaction was cleared in your bank's statement. For instance, when you pay your credit card bill, your financial institution acknowledges the payment.

     

     

    Meanwhile. R means that transaction actually matches your bank statement.

     

    Know that we're always here to help if you have other questions or concerns. Feel free to leave your comments below.

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