Undo Bank Reconciliation in
QuickBooks: A Complete Guide
It is important that the bank and business transactions match and that the amount deducted
in the bank is reconciled with the business. But at times, there are some mismatches
between the deductions made by the bank and your business books. When this difference
occurs, you might be worried about how you can fix it. You have the option to correct the
incorrect or omitted entries by the feature undo Bank Reconciliation in QuickBooks. If
you need to undo your transactions in a past reconciliation, this blog is all you need to
follow. Read the blog until the very end to know the complete process of how you can undo
the bank reconciliation in QB.
In case you want some professional help while in the process, you have the option to
connect with our team at +1.833.802.0002
Step to Follow for QuickBooks Undo Bank Reconciliation
In QuickBooks, you can undo a single transaction as well as the entire bank reconciliation.
Below, we are discussing a complete method using which you can easily undo a transaction
or the entire bank reconciliation in QuickBooks:
Here’s How to Edit a Single Transaction in QuickBooks
After reconciling the bank transaction with QuickBooks, you must review the opening and
closing balance to make sure there are not any discrepancies. If you find any error in QB
transactions, you must edit them for a successful reconciliation. Move to the below section
to learn how you can edit a single transaction in QB for reconciliation:
• Open QuickBooks Online and go to the ‘Accountant’ menu.
• From the ‘Transactions’ option, select ‘Charts of Accounts.’
• Further, select the account that holds your reconciled transactions and then click ‘View
Register.
• ’From the transactions, choose the one you want to undo and select it to expand the view.
• Select the checkmark column and select the box with ‘R.’
• Now, make the required changes in the transaction and then unmark the ‘R’ checkbox.
Finally, select ‘Save.’
Undo the Entire Bank Reconciliation in QuickBooks Online
The below-mentioned steps will help you remove all the previous bank reconciliations to fix
the QuickBooks reconciliation discrepancies; follow each step carefully
Things to Consider Before Undoing the Complete Bank Reconciliation
1.QuickBooks does not provide you the feature to undo the manually reconciled transaction.
To undo the manual transactions, you need to use the manual method. When trying to undo
an older reconciled transaction, QuickBooks will automatically remove the in-between ones.
For example, if you are trying to undo the June month of reconciliation in September, it will
automatically remove the reconciliations of July and August months of reconciled
transactions. So, make sure you are reconciling the most recent reconciled one and then move
your way backward.
2.Use These Steps to Undo an Entire Reconciliation
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Go to the ‘Accountant’ menu in QuickBooks Online.
Select the ‘Charts of Accounts’ option in ‘Transactions.’
Move to the ‘Rencile’ tab and then click ‘History by account.
Further, choose the account you want to reconcile and then move to the Reconciliation
option at the end.
Click ‘View Report.’
Now, review the opening and ending balance and find discrepancies in the report.
Move to the ‘Action’ column and select ‘Undo’ from the dropdown.
Finally, select ‘Yes’ and then ‘Undo.’
We hope after using the given methods, you're able to undo Bank Reconciliation in
QuickBooks. If you still need help to undo bank reconciliation, dial +1.833.802.0002 to connect
with the team of QuickBooks experts.