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abadillainc1954
October 2, 2021
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CHANGING A RECONCILED TRANSACTION

  • October 2, 2021
  • 2 replies
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WILL EDITTING A RECONCILED BANK TRANSACTION BY ADDING MEMO OR ATTACHING A RECEIPT AFFECT THE BALANCE OF THE BANK REGISTER? 

Best answer by Archie_B

Thank you for reaching the Community, abadillainc1954.

 

I'd like to share some insights about reconciled transactions in QuickBooks Online.

 

Making some changes like adding memo and attaching receipts on a reconciled transactions doesn't affect the balance on your bank register. You just need to make sure no changes will be applied to the other details such as dates, amount, items, and account.

 

Here are some articles for more information and to guide you through the reconciliation process:

 

 

It's also a good practice to print, or export a copy of your reconciliation report just in case you'll have trouble reconciling the following month and when you meet with your accountant.

 

Just let us know if you still need further assistance. I'll be here to help. Have a great weekend.

2 replies

A
Archie_BAnswer
October 2, 2021

Thank you for reaching the Community, abadillainc1954.

 

I'd like to share some insights about reconciled transactions in QuickBooks Online.

 

Making some changes like adding memo and attaching receipts on a reconciled transactions doesn't affect the balance on your bank register. You just need to make sure no changes will be applied to the other details such as dates, amount, items, and account.

 

Here are some articles for more information and to guide you through the reconciliation process:

 

 

It's also a good practice to print, or export a copy of your reconciliation report just in case you'll have trouble reconciling the following month and when you meet with your accountant.

 

Just let us know if you still need further assistance. I'll be here to help. Have a great weekend.

    A
    abadillainc1954Author
    October 2, 2021

    Thank you so much for the help. 

    @Archie_B wrote:

    Thank you for reaching the Community, abadillainc1954.

     

    I'd like to share some insights about reconciled transactions in QuickBooks Online.

     

    Making some changes like adding memo and attaching receipts on a reconciled transactions doesn't affect the balance on your bank register. You just need to make sure no changes will be applied to the other details such as dates, amount, items, and account.

     

    Here are some articles for more information and to guide you through the reconciliation process:

     

     

    It's also a good practice to print, or export a copy of your reconciliation report just in case you'll have trouble reconciling the following month and when you meet with your accountant.

     

    Just let us know if you still need further assistance. I'll be here to help. Have a great weekend.


     

    D
    DRCED
    January 18, 2024

    I incorrectly designated a transfer of $10,000 from our interest bearing account into our operating account three months ago. That transaction was reconciled.

     

    I am catching up on the interest bearing account and now have to correct that transaction as a transfer from that account in order to properly reconcile that account. 

    This should not effect the account that that was already reconciled. 


    However, I  can't figure out how to edit that deposit in a way that will make it a transfer?


    I
    Ivan_G
    January 18, 2024

    Thank you for joining this thread, DRCED. Making some changes on transactions that were already reconciled affects your account's balance in QuickBooks Online (QBO).

    To avoid discrepancies, I recommend recording a transfer from the Operating account to Interest Bearing account. After that, set the date to the current date or within the period that has not been reconciled yet. This way, your previous reconciliation will not be affected.

    Here's how:

    1. Select + New, then click Transfer.
    2. From the Transfer Funds From the dropdown list, select the bank account that the money is coming from.
    3. From the Transfer Funds To dropdown list, choose the bank account that the money is going to.
    4. In the Transfer Amount field, enter the amount being transferred.
    5. Edit the Date field.
    6. Enter a description of the transfer in the Memo field (optional).
    7. Select Save and close or Save and new to complete the transfer.
    8. Select Yes if you double-checked the date.

    In addition, you can refer to this article in case QBO doesn't match your bank statement at the end of a reconciliation: Fix issues at the end of a reconciliation in QuickBooks Online.

    If you have more questions regarding reconciliation and other QuickBooks-related concerns, feel free to get back to this thread. We're always here to help.

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