How do you remove old credit card transactions (i.e. at least 5 years old) that were never reconciled and were created in error? A few of these were created to pay bills. I'm not an accountant. I don't want to affect any financial statements. Is there a simple way to do this?
You will need to reverse them in the current period. This will not affect prior financial statements but it is going to reduce your expenses/assets assigned to the original purchases in the current period. To reverse the entries, create credit card credits (Banking > Enter Credit Card Charges > Click "Credit") and use the same Expenses/Items as the original charges. Then, the next time you reconcile the credit card, the original charges and the current charges will net to zero and your credit card should reconcile.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.