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ahendersonrcs
September 24, 2020
Solved

The wrong check marked as cleared ... 6 months ago

  • September 24, 2020
  • 1 reply
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I just found that I marked the wrong check as cleared when I reconciled in March. The correct check is the same amount. Is there a way to correct it? The check marked as cleared has not been cashed. I do not want to go back and reconcile the last 6 months. Any suggestions?

Best answer by Jen_D

Glad to have you here, @ahendersonrcs,

 

You can do an off-cycle reconciliation to make corrections to a previously reconciled account. Here's how:

 

  1. From the Banking menu, select Reconcile.
  2. Choose the account with the transactions you need to reconcile.
  3. Fill in the Date of Statement field. This date can be any date between your last reconciliation and the next scheduled one.
  4. Add the balance of your last successful reconciliation in the Ending Balance field, then select Continue.
  5. In the Reconcile window, mark the transactions you are reconciling.
  6. Make sure the Difference field shows $0.00.
  7. Hit Reconcile Now once everything is good.

Please note that the end balance after the reconciliation becomes the beginning balance of the following cycle. If the new entries did not change the Ending Balance of the account, you no longer need to undo the reconciliation for the following period. Do otherwise if it does.

 

To learn more about the off-cycle reconciliation and how it works, see this article: Reconcile previously deleted and re-entered checking or credit card transactions.

 

I'd like to know how you get on after trying the steps, as I want to ensure this is resolved for you. Feel free to message me back. Have a great week ahead!

1 reply

Jen_D
Jen_DAnswer
September 24, 2020

Glad to have you here, @ahendersonrcs,

 

You can do an off-cycle reconciliation to make corrections to a previously reconciled account. Here's how:

 

  1. From the Banking menu, select Reconcile.
  2. Choose the account with the transactions you need to reconcile.
  3. Fill in the Date of Statement field. This date can be any date between your last reconciliation and the next scheduled one.
  4. Add the balance of your last successful reconciliation in the Ending Balance field, then select Continue.
  5. In the Reconcile window, mark the transactions you are reconciling.
  6. Make sure the Difference field shows $0.00.
  7. Hit Reconcile Now once everything is good.

Please note that the end balance after the reconciliation becomes the beginning balance of the following cycle. If the new entries did not change the Ending Balance of the account, you no longer need to undo the reconciliation for the following period. Do otherwise if it does.

 

To learn more about the off-cycle reconciliation and how it works, see this article: Reconcile previously deleted and re-entered checking or credit card transactions.

 

I'd like to know how you get on after trying the steps, as I want to ensure this is resolved for you. Feel free to message me back. Have a great week ahead!

A
ahendersonrcsAuthor
September 28, 2020

Thank you so much. The check was back in March and I reconcile monthly. I had to go back and redo the reconciliation for each month. At least it's done right.

 

Angie

H
HeadOffice
October 7, 2020

Hello RSC Lion,

 

I have the same issue. Did the posted solution work for you or did you end up undoing your previous reconciliations?

 

The solution posted seems to state instructions which apply only if the mistake related to the last rec completed.

 

I attempted the off-cycle reconciliation by selecting the month the error occurred (back in February) & entering the ending balance for Feb into the off-cycle rec. However, I did not complete this rec because of concerns over the fact that the opening balance was showing incorrectly. Instead of showing the opening balance of Feb, it was showing the closing balance of my last rec completed (which was Aug). This incorrect opening balance resulted in a "Difference". This concerned me, as you never want a "Difference" showing in a rec. As a result, I left the off-cycle reconciliation without completing it.

 

If anyone has successfully completed an off-cycle rec for a period which occurred several recs back, I'd greatly appreciate hearing that. I want to avoid undoing several months of recs to correct the issue.

 

Thanks,  

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