How do I correct a reconciliation in QuickBooks?

How can I correct a prior reconciliation without redoing it?

1. From the Banking menu, click Reconcile.
2. In the Begin Reconciliation window, select the appropriate account then click Undo Last Reconciliation.
3. A message to backup the company file before undoing a previous reconciliation is displayed.

How do you reconcile discrepancy?

1. Ensure the bank account is correct for the statement you’re reconciling.
2. Check the statement date matches your bank statement.
3. Check the statement end balance date matches your bank statement.
4. Check you’ve matched the correct transactions for the correct values.

What is a reconciliation discrepancy in QuickBooks?

What is Reconciliation Discrepancy in QuickBooks? If you have already reconciled your account, but it displays a different balance in the next reconciliation – your QuickBooks account has Reconciliation Discrepancy.

How do I correct reconciliation in Quickbooks online?

Make sure you entered the correct amount:

1. While you’re reconciling an account, in the Reconciliation window, select Edit info.
2. Review the Ending balance and Ending date.
3. Check your bank statement. Make edits as needed.
4. When you’re done, select Save.

What is reconciliation discrepancy?

Reconciliation discrepancies are usually caused by the following factors: duplicate transactions. transaction was associated to a different bank account. previously reconciled transactions were edited or deleted. the opening balance or an account is incorrect.

How do I correct reconciliation in QuickBooks online?

Can you undo reconciliation in QuickBooks online?

Yes, you can undo it, michael-cardman. The Undo button in the Action column is only available in QuickBooks Online Accountants. If your accountant is using this version, you can let them undo the reconciliation on your behalf. You can also invite an accountant to review your accounting in QuickBooks Online.

How do I correct beginning balance discrepancy in QuickBooks online?

To edit a wrong opening balance:

1. Go to Settings ⚙️, then select Chart of Accounts.
2. Locate the account, then go to the Action column and select View register.
3. Find the opening balance entry.
4. Select the opening balance entry.
5. Edit the amount.
6. Select Save.

How do you calculate discrepancy report?

Reconciliation Discrepancy Report

1. In the left navigation bar, hover your mouse to the Accounting bar.
2. Choose Reconcile.
3. From the upper right hand, click on History by account link.
4. Click on the bar under action column to see the reconciliation report.

How do I run a reconciliation discrepancy report in Quickbooks online?

Reconciliation Discrepancy Report

1. Go to the Reports menu.
2. Scroll down to the For my accountant section.
3. Choose Reconciliation Reports.
4. From the Accounts drop-down, select the bank account you’re working on.
5. Set the Date Range of the report.
6. From the Action column, click the View Report link.