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ae0123
January 27, 2021
Question

How to fix a prior reconciliation without undoing current reconciliations?

  • January 27, 2021
  • 1 reply
  • 0 views

There is a mistake in our April 2020 reconciliations stemming from a corrected bank deposit. There is a deposit with the correct amount that is attached to the received checks. Our bank made a mistake when the deposit was made so our statement shows a smaller deposit amount and a separate transaction with the difference. Someone in the office made a new deposit with the smaller and corrected amounts but they are not attached to the received checks. I realized this after I reconciled through December (person responsible for the discrepancy was not around to explain before I got that far). Is there a way I can fix this without having to redo the reconciliations from April to December? 

1 reply

C
CaitlinOG
January 28, 2021

Hi ae0123, 

 

It's great that you're using QuickBooks Desktop to manage your business. I know how important that your transactions and reconciliations tie together correctly, so I'll help point you in the right direction. 

 

In QuickBooks Desktop it's possible to do a "mini reconciliation" outside of the normal calendar month cycle in order to make adjustments for situations such as. That way you don't have to undo months of reconciliations. I recommend checking out the following Community articles, which give detailed step-by-step instructions on how to correct discrepancies in your books:

 

 

If you're still having difficulties with this deposit, I recommend reaching out to an accountant for hands on assistance with this. If you're not already working with an accountant, you can search for a QuickBooks certified Pro Advisor in your area who can help you with correcting this through the following link: QuickBooks Find A Pro Advisor

 

I hope this helps. If there's anything else I can do just let me know! 

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