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jhahn506
January 2, 2023
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Not reconciling parent balance sheet accounts

  • January 2, 2023
  • 1 reply
  • 0 views

Is there a way to make it so if we reconcile child accounts that roll into a parent account the parent will automatically reconcile?  Or, are we able to tag a parent account as non-reconciling?   

 

Example:

 

Notes Payable (parent) - summation of the below w/no activity, should not be reconciled 

     Note 1 (child) - activity and should be reconciled

     Note 2 (child) - activity and should be reconciled

Best answer by Giovann_G

I'll assist you with the reconciliation process, jhahn506.

 

It makes sense that you only want to reconcile the child accounts since they contain all of the activities. 

 

During sub-account reconciliation, any transactions that roll into a parent account are automatically reconciled. This prevents the option of designating a parent account as non-reconciled. It works as expected.

 

Usually just the parent account needs to be reconciling since transactions from the child account are linked to it. You can follow the steps below to start the reconciliation process:

 

  1. Click the Accounting menu, then select Reconcile.
  2. In the Account dropdown, choose the account you wish to reconcile.
  3. Fill in the Ending balance and Ending date.
  4. Once done, hit Start reconciling.

 

Check out this article for more insights about the reconciliation procedure: Reconcile an account in QuickBooks Online.

 

I've also included this resource to help you resolves problems after reconciliation: Fix issues at the end of a reconciliation in QuickBooks Online.

 

Don't hesitate to post again if you need further help with reconciliation. We're ready to assist you at any time.

1 reply

G
Giovann_GAnswer
January 2, 2023

I'll assist you with the reconciliation process, jhahn506.

 

It makes sense that you only want to reconcile the child accounts since they contain all of the activities. 

 

During sub-account reconciliation, any transactions that roll into a parent account are automatically reconciled. This prevents the option of designating a parent account as non-reconciled. It works as expected.

 

Usually just the parent account needs to be reconciling since transactions from the child account are linked to it. You can follow the steps below to start the reconciliation process:

 

  1. Click the Accounting menu, then select Reconcile.
  2. In the Account dropdown, choose the account you wish to reconcile.
  3. Fill in the Ending balance and Ending date.
  4. Once done, hit Start reconciling.

 

Check out this article for more insights about the reconciliation procedure: Reconcile an account in QuickBooks Online.

 

I've also included this resource to help you resolves problems after reconciliation: Fix issues at the end of a reconciliation in QuickBooks Online.

 

Don't hesitate to post again if you need further help with reconciliation. We're ready to assist you at any time.

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