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Mar 8, 2024 9:47 AM UTC
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I have a transaction in Quickbooks which was created as a recurring transaction by mistake.If I delete it, will the previous Months' transactions that had this particular transaction be affected ?

I have a transaction in Quickbooks which was created as a recurring transaction by mistake.If I delete it, will the previous Months' transactions that had this particular transaction be affected ?

James_ALAnswer
Mar 8, 2024 10:53 AM UTC

Greetings, Iringo.

 

Deleting a recurring transaction in QuickBooks Online will not affect previous months' transactions that had this particular transaction. When you delete a recurring transaction, it only removes the future instances of that transaction without altering any historical data.

 

However deleting a recurring transaction that has already been recorded for the current month, will also delete the associated regular transaction. Always consider the impact of deleting a recurring transaction on your finances before proceeding. Seek advice from a certified accountant if you have any concerns or doubts.

 

You can use this article to learn more about Review your recurring transactions in QuickBooks Online.

 

For additional reference, you can click this article on how to Categorize online bank transactions in QuickBooks Online.

 

Visit us again here if you have other questions or concerns. I'm always here to make sure you're able to achieve your goals.

7 replies

James_ALAnswer
Mar 8, 2024 10:53 AM UTC

Greetings, Iringo.

 

Deleting a recurring transaction in QuickBooks Online will not affect previous months' transactions that had this particular transaction. When you delete a recurring transaction, it only removes the future instances of that transaction without altering any historical data.

 

However deleting a recurring transaction that has already been recorded for the current month, will also delete the associated regular transaction. Always consider the impact of deleting a recurring transaction on your finances before proceeding. Seek advice from a certified accountant if you have any concerns or doubts.

 

You can use this article to learn more about Review your recurring transactions in QuickBooks Online.

 

For additional reference, you can click this article on how to Categorize online bank transactions in QuickBooks Online.

 

Visit us again here if you have other questions or concerns. I'm always here to make sure you're able to achieve your goals.

IringoAuthor
Mar 11, 2024 7:36 AM UTC

I deleted the recurring transaction, however, the deleted transactions still appear as ' Not specified ', in the current months'  P& L  statement, how do I resolve this please?

Mar 11, 2024 8:40 AM UTC

I appreciate you getting back and sharing an update regarding the deleted recurring transaction, Iringo.

 

I'll be glad to help. However, I need more details to understand your issue or concerns fully.

 

May I know which specific Profit and Loss report you generate? Any additional information you can provide will help me offer an accurate solution.

 

I'm looking forward to your reply. Take Care!