In the process of accounting for your company, one of the most significant steps is to reconcile your accounts. Typically, when reconciliation is complete, it indicates that all of the information included in your books has been validated against an external source and that the books are ready to be closed for the month. In other words, reconciliation often constitutes the conclusion of the matter. There are times when it is important to undo or delete the reconciliation in QuickBooks.
In the event that you utilize QuickBooks Online as your accounting software, you have the option to undo or delete the reconciliation in QuickBooks. This article focuses mostly on the procedure that users of QuickBooks Online will follow to undo the reconciliation process.
Steps to undo or delete a reconciled transaction in QuickBooks
- If you want to delete or undo reconciliation in QuickBooks, follow the below mentioned steps
- Launch the Reconciliation Report associated with the reconciliation whose results you wish to roll back. To accomplish this, open the left-hand toolbar and navigate to the Reports section. Once there, search for "Reconciliation Reports" in the available options.
- Select the account as well as the statement for which you would like to undo the reconciliation, and then click the View Report button.
- Either print the report or make a copy of the tab, then move the tab that contains the reconciliation report to a different monitor. When you are attempting to undo the reconciliation, you will have the ability to rapidly reference the report
- After that, you need to open the register for the account that you are not reconciling by going to the left-side toolbar, and then click on Chart of Accounts.
Summing up!
If you find that you are unable to move further with the reconciliation process, or require additional information regarding how to undo or delete the reconciliation in QuickBooks. You can get in touch with us through the number i.e., 1-800-615-2347. Our QuickBooks desktop support team will help you to rectify the issue for you.
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