Articles

How To Undo Reconciliation in Your QuickBooks Online Account?

by Michael Phelps Book a Flight at an affordable cost

Are you also searching for an easy method to undo reconciliation in your QuickBooks Online Account? Then, you have arrived at the right place. This article will provide you the maximum possible information to undo reconciliation in QuickBooks Online.


About Reconciliation in QuickBooks


Reconciliation in QuickBooks is a necessary process that every accountant and business owner should perform. When you regularly reconcile your QuickBooks accounts with your bank accounts, you tend to avoid situations of conflicts in your statements. 


Advantages of Reconciling your QuickBooks Accounts


  • Consumers can calculate variances in income easily.

  • If you are seeing any sure signs of danger, you should immediately take preventive measures.

  • Capture numerous bank mistakes that are unnoticed.

  • It helps you avoid theft by staff, suppliers, etc.


The Main Reasons To Undo Reconciliation in the QuickBooks Online Account

In your QuickBooks account, you can easily undo reconciliation in your QuickBooks Online account for numerous reasons, some of which are described below:


  • It is possible that the invoice was registered on the wrong date.

  • The payment isn't apparent.

  • Moreover, the bank reconciliation has been forced and must be corrected in a particular sequence.

  • The false date is reported in the bank statement.


Procedure To Undo Reconciliation in your QuickBooks Online Account


Listed below is the detailed procedure to Undo reconciliation in QuickBooks Online account:


  • First, you need to open your QuickBooks Online account.

  • Now, pick the ‘Registers’ tab from the Banking menu.

  • Pick the account and navigate to the ‘Register Name’ drop-down column.

  • You need to click on the transaction on which reconciliation is to be reversed.

  • Finally, delete the letter 'R' to change its status to Unreconciled.

  • If you want to reconcile every transaction for a specific period of time, a list of reconciled transactions should be printed using the Reconcile option on the Banking menu.


Process To Undo Reconciliation in your QBOA (QuickBooks Online Accountant)?


The following is the process to undo reconciliation in your QuickBooks Online accountant:


  • Open your QuickBooks Online Accountant first and login as an Administrator.

  • Secondly, pick the client's business file from the drop-down column.

  • Pick the ‘Settings’ icon.

  • After that, click on the ‘Tools’ option.

  • Press the ‘Reconcile’ button now.

  • Move to the ‘Account Reconciliation’ page and choose the ‘Account History’ tab.

  • To check for the reconciliation that you need to undo, you must pick the account and report the date.

  • Navigate to the ‘Column Action’ and select the ‘Undo’ button.

  • Now tap the ‘Yes’ button for confirmation.

  • Select the ‘Undo’ option in the final approval window.

  • Lastly, press the ‘Ok’ button.


Undo Reconciliation in your QuickBooks Desktop Account


Listed below is the process to undo Reconciliation in your QuickBooks desktop account:


  • Open your QuickBooks desktop account.

  • After that, log-in to your desktop as an administrator.

  • Then, tap on the company file.

  • From the ‘Banking’ menu, choose the ‘Reconcile Now’ button.

  • Tap the ‘Undo Last Reconciliation’ button.


In Conclusion:

There are many different reasons to undo reconciliation in QuickBooks Online. However, you should follow each step very carefully in order to undo your reconciliation. If the above steps are not working out for you, you can freely contact the QuickBooks support phone number: +1- 860- 544- 6044. The executives will assist you in undoing your reconciliation.



Sponsor Ads


About Michael Phelps Advanced   Book a Flight at an affordable cost

19 connections, 0 recommendations, 104 honor points.
Joined APSense since, October 21st, 2020, From Streamwood, United States.

Created on Mar 4th 2021 06:02. Viewed 164 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.