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lizwilson
October 9, 2024
Question

How do I start reconciliation over?

  • October 9, 2024
  • 1 reply
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I switched bookkeepers/accountants mid-year. I found many mistakes in reconciliations that were already done. I "reversed" the individual reconciliations but QB still says that my account(s) were reconciled up to (XX date.) How do I start over entirely and do ALL the reconciliations over? I've already looked at QB answers for how to check the opening balance for the account; the directions tell me to find the account's Opening Balance in the register for the account, which I located through the Chart of Accounts. That doesn't work. (There isn't an entry in the accounts column listing the opening account balance for that account.)

1 reply

M
MirriamM
October 9, 2024

I'm here to help you unreconcile previous bank reconciliation to ensure they don't throw off your records, Liz.

 

If you are using QuickBooks Online Accountant, you can utilize the Undo reconciliation feature to reverse prior transactions without manually editing each one in the register.

 

Here's how to undo reconciliation:

 

  1. In the left menu, click Accounting. 
  2. Go to the Reconcile tab.
  3. Select History by account.
  4. Choose the account you want to reconcile and set a date range from the dropdowns.
  5. Find the reconciliation on the list.
  6. Select View report to open the Reconciliation Report.
  7. Review any discrepancies and changes your client wants to make.
  8. When you’re ready, select the dropdown ▼ in the Action column, and then select Undo.
  9. Select Yes and then Undo to confirm.

 

For more details on how to undo reconciliation, refer to this article: Undo a client’s reconciliation in QuickBooks Online Accountant.

 

If you are using a different version, you can manually reverse a reconciled statement by unreconciling each transaction. Here's how:

 

  1. Click the Gear icon at the top.
  2. Select Chart of Accounts.
  3. Locate and choose the account you’re working on, and click on View Register.
  4. Select the transactions you want to unreconcile.
  5. Keep on clicking the R status until it shows blank or cleared (C).
  6. Click on Save.
  7. Choose Yes to confirm.

 

Before proceeding with any of the steps, I recommend consulting with your accountant to ensure that all your records are accurate.

 

If you encounter any errors or issues during the reconciliation process, you can refer to this article: Fix issues for accounts you've reconciled in the past in QuickBooks Online. 

 

If you have any further questions or concerns, feel free to leave a comment below. We're here to help. Have a great day, Liz!

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