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swalters2
Aug 21, 2019 12:09 PM UTC
Question

I have uncleared transactions dating back to as far back as 4 years ago on my bank rec - how do I get rid of these?

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9 replies

GeorgiaC
Aug 21, 2019 12:18 PM UTC

Hey swalters2, 

 

Thanks for you post and welcome to the community. 

 

Have you reconciled this bank account at all in QuickBooks Online?

swalters2Author
Aug 22, 2019 7:36 AM UTC

Hi there,

 

Yes I have reconciled the bank rec. I've taken over the accounts in this company and they had transferred from Desktop to Online about 6 months or so, and I think that this is where all these uncleared balances are coming from. If I go into the account history and mark the uncleared amounts as reconciled then my subsequent bank rec's starting balance is then out by this amount. Is there something I can do about this or do I just need to accept that my starting balance will be out by these amounts for one period that I reconcile?

 

payment after leaving
Aug 22, 2019 7:56 AM UTC

Hi swalters2

 

We presume you manually reconciled the uncleared payments and that the beginning balance of your next reconciliation was correct before doing so?

SM02
Jul 27, 2020 1:04 PM UTC

Hi 

 

I have similar situation

 

At year end we have 2400 for outstanding cheque. As a result closing balance reduced from the statement balance 34450 to 32050. Can someone please advise what to do when putting opening balance for the following year.

 

Cheers

GeorgiaC
Jul 27, 2020 3:26 PM UTC

Hi SM02,

 

Thanks for joining in on this thread. 

 

To clarify, was this cheque entered in QuickBooks? Is it due to be cleared in the following financial year?

 

 

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