I have some old uncleared transactions. The transactions show as being reconciled in the chart of accounts. What will happen if I clear the transactions?

Hi there, @marlien-sparq-ai.

I'm here to help share insights about your uncleared transactions in QuickBooks Online.

The uncleared transactions already reconciled have already been settled affecting the balance of the holding account. Changing its status from reconciled (R) to cleared (C) will mess up the beginning balance of the account at the time of your reconciliation.

This means you'll have to reconcile them again to ensure your record of entries corresponds to the list of transactions and balances in the bank statement. For account reconciliation, kindly read and use this article to learn more: How to Reconcile Accounts to Match with the Transaction Statements?.

However, I still recommend contacting your accountant for the best accounting practices to follow to make sure the uncleared transactions of your reconciliation are handled correctly.

I'm adding this reference that'll guide you anytime you need help while doing or fixing a reconciliation: The Reconcile Workflow in QuickBooks. You may also review reports to get the data of your past reconciliations: How to View, Print, or Export Reconciliation Report?.

If you've got questions other than working with your transaction reconciliation, please let me know in the comments. Use the Reply button below and include my name, @JonpriL, so I can continue the help and lend you a hand.