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svitlanak
April 24, 2020
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I see uncleared transactions from the previous periods in reconciliation. Can I delete uncleared transactions from previous periods in QBO without creating a problem?

  • April 24, 2020
  • 1 reply
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Original commenter did not share additional details
Best answer by AileneA

Hi, I know how to use filter.  My question was about uncleared transactions which affecting financial statements because they weren't on bank statements and this transactions from period which is closed. How you deal with this transactions. 


Hello, @svitlanak. 

 

Making adjustments to your closed book will mess up your reports. You can create a journal entry to reverse the transaction so it will remove for this year's reconciliation.

 

Also, I'd recommend reaching out to your accountant to help you correct the prior year transaction accounting.

 

You can refer to this article for future reference: Year-end guide and checklist.

 

Please let me know if you need anything else. You can add more details by posting a comment below. Have a great day!

1 reply

john-pero
john-pero
April 24, 2020

Deleting previous uncleared transactions just because...can cause serious complications.  Sometimes a transaction that has been edited or sync'd from a third party application will show up next recon period as having been uncleared.  Or an outstanding check has yet to be cashed and back through your bank by the time you get your monthly statement. Or they can be future transactions that you added with a previous date in error.  But if you delete a valid transaction be prepared to restore it as it was once it clears.

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svitlanakAuthor
April 24, 2020

I understand that I should investigate each uncleared transaction from previous periods. I know I can with confidence delete duplicates. I was trying delete uncleared transaction from beggining of 2019 and I created a problem as you mentioned in your respond...... so i recreate journal entry for this deleted transaction. I don't know if it right. It didn't show up in previous reconciliations after all.

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Kendra H
April 24, 2020

Thanks for following up on this thread, @svitlanak. 

 

Before going into detail, I want to ask if you could provide me with a screenshot of the uncleared transactions? This way, I'll be able to give you a more accurate response. 

 

For now, you can do a manual reconciliation. You can refer back to this article as it has detailed instructions on how to do a manual reconciliation in QuickBooks Online: Fix QuickBooks Payment deposits that don't match your bank statement. 

 

I look forward to chatting with you soon. Have a safe and productive weekend ahead!

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