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marlien-sparq-ai
Level 1
posted
‎October 28, 2022 05:33 AM
last updated ‎October 28, 2022 5:33 AM

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?

If I change the 'R' to 'C' and save, will I have to reconcile the transaction again?
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1 Comment 1
MaryLandT
Moderator
Moderator
‎October 28, 2022 07:09 AM

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?

Hello there, marlien-sparq-ai.

 

Yes, you can reconcile again the transaction by changing it to 'R'. That way, the balance is correct. 

 

Please know that if you unreconcile an already reconciled transaction, it changes the ending balance of your last reconciliation. This also impacts the beginning balance of the next one.

 

You can browse these articles to learn more about fixing reconciliation discrepancies.

 

 

If you've got questions about the information on your account reconciliation and transactions, please let me know in the comments. Use the Reply button below so that I can continue assisting you. Take care always!

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