Reconcile

Where is bank “Reconcile” in new QuickBooks Online?

Bank Reconcile
Bank Reconcile

From the Home page screen

  • Go the Company Gear (upper-right corner)
  • Select “Reconcile” under Tools header

How to do bank reconciliation in new QuickBooks Online?

How can I undo the previous bank reconciliations in new QuickBooks Online?

QuickBooks Online doesn’t have an Undo Last Reconciliation feature. To unreconcile a reconciliation you’ll need to unreconcile each transaction via the register.

Reconcile
Reconcile

To access and print a previous reconciliation report:

  • From the gear icon go to Reconcile.
  • Choose the account from the drop-down list.
  • Click on the desired reconciliation report.
  • Once the report is open, click Print.

To undo a reconciliation:

Reconcile Go To Register
Reconcile Go To Register
  • Select Transactions on the left menu then Registers.
  • Click on the account then click Go to Register
  • Find the transactions that need to be unreconciled, one at a time.
  • To highlight click on the transaction.
  • Click on the R on the top line of the transaction, which is between the Payment and Deposit or Charge and Payment amount. Clicking in this field will allow you to change the status of the transaction to the desired status from blank = unreconciled to C = Cleared.
  • Click on Save.
  • A message will appear: This transaction has already been reconciled. You should only remove the R if you’re correcting a mistake. Are you sure you want to remove the R? click Yes.
  • Continue this process for each transaction on the reconciliation report or statement you want to unreconcile.

How do I change the beginning balance of reconciling?

Normally you do not change the beginning balance to reconcile bank account. You reconcile with ending balance, unless beginning balance is also the opening balance. And, when opening balance is off, you go to bank register and make the change.

Start with left blue navigation bar > select Transactions > select Registers > Highlight bank account > GO to Register (located top right corner) > locate opening deposit and make change > Save

Bank Register Opening Balance
Bank Register Opening Balance

Related articles:

Bank Reconciliation
Uncleared Check Report

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