Friday, January 27, 2023

How to Undo Reconciliation in QuickBooks Online | Step-by-Step

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Owing to its world-class tools and easy-to-use interface, QuickBooks has made quite a mark on the middle to small-sized businesses. However, most of its users have just reached on to the surface of its true potential. Either they don’t know about features or just have plain confusion on how to use them. So, today we’ll talk about one such question on a user’s mind, that is, how to undo reconciliation in QuickBooks Online and Desktop edition. Reconciliation of your accounts with your bank statement is an important monthly routine that every company follows. However, there are times when the need to undo reconciliation occurs and the users don’t have a clue on how to do it. Follow the blog till the end to decode the process.Today, we’ll discuss a user-requested topic, specifically how to cancel reconciliation in QuickBooks Online and Desktop edition. Every business should perform a reconciliation of its accounts with its bank statement each month.

Immediate support helpline is often required for a smooth QuickBooks experience as a number of issues can pop-up and disrupt your work anytime. Get a dedicated expert in no time by dialing the toll-free number 1-(855)-856-0042.

Some Important Things to Remember Before Cancelling Reconciliation in QuickBooks Online

There are a couple of points that you must know before you unreconcile your accounts in QuickBooks. Take a look.

1.Prepare a backup of the company file to safeguard the data in an unlikely event of data corruption.
2.Prefer not to edit the reconciled status of the transactions manually.
3.If you create any adjustment entry, make sure to delete it later

After considering the above points, you can efficiently un-reconcile a transaction in QuickBooks by following the next segments.

Recommended to read: QuickBooks Error 1625

How to Undo Reconciliation in QuickBooks Online?

Below are mentioned the steps that will guide you to easily undo the reconciliation in QuickBooks Online.

  • Open QuickBooks Online and navigate to the Accounting menu.
  • Click on Chart of Accounts and look for the account that has the transaction you want to un-reconcile.
  • Select the account and choose the Account History option.
  • Now choose the transaction/s you want to unreconcile.
  • 5.Under the check column, click on the checkbox to change the letter from “R” to a blank space.
  • 6.The transaction will be removed from the reconciliation.
  • 7.Click on the Save button and close the register.

How to Undo Reconciliation in QuickBooks Desktop?

The process to undo reconciliation on your QB Desktop editions is pretty simple. Follow the steps mentioned below.

  • Open QuickBooks and go to the Banking menu.
  • Choose the Reconcile Now tab and click on the Undo Last Reconciliation option.

At this point, we would like to end our blog on the popular user query – “QuickBooks Online Undo Reconciliation”. The steps mentioned above will help you to get through the undo reconciliation of the accounts. However, if you face any issues while following the instructions, call on the helpline number 1-(855)-856-0042 and get immediate assistance on the line.

Also read: Terminating QuickBooks Error 6000 301 with Effective Techniques

Source code: https://24bookkeepingserices.wordpress.com/2021/09/02/how-to-undo-reconciliation-in-quickbooks-online-step-by-step/

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