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July 18, 2021
Question

Can a reconciled payment be adjusted and still be reconciled?

  • July 18, 2021
  • 1 reply
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Can a payment made to a bill be put to another bill after fist payment has been reconciled in the bank account?

1 reply

SophiaW
July 18, 2021

Hi @lindamb , welcome to the community. We're here to help!

I understand you want to know if its possible to change a reconciliation. Yes. But it is best to get an Accountant to help you with this. Depends on what you want to change.  Anything but amount and the account that is reconciled can be changed. Open each transaction in question from the register or from receipts, payments, deposits, etc. Click on edit, edit and save. Your reconciliation will not change.

This goes even for payee name as well as expense or income account.

When you change a transaction that has been reconciled, you have to re-reconcile each period that is impacted by the changes made, in chronological order.

 

It's a good practice to recreate deleted transactions, especially for reconciled transactions. It's not enough to only recreate them though, you'll have to manually tag them as reconciled so you won't have any issues with your account balance the next time you do a reconciliation.

 

Let me show you how:

  1. Go to the Chart of Accounts tab.
  2. Search for the correct account of the transaction in question.
  3. From the Action column, select  View register.
  4. Locate the transaction to edit.
  5. In the reconcile status column (indicated by a check mark), repeatedly select the top line of the transaction to change the status of the transaction.
    • - Cleared from the bank
    • - Reconciled
    • Blank - Not cleared or reconciled

You can follow the same steps above for any transactions you've edited the amount or account related to it since its reconciled status will be removed.

 

Should you encounter a situation where your account's opening balance doesn't match its bank statement, please refer to this article: Fix issues the first time you reconcile an account in QuickBooks Online . It lists a number of possible scenarios for this specific issue, then provides you steps on how you can resolve each of them.

Feel free to reach out again, if you have any questions.