As we all know QuickBooks is a cloud-based best accounting software. And it is particularly, made for small, medium-sized, and large business enterprises. QuickBooks software easily helps the business in maintaining an exact and accurate record of all financial needs and requirements. And also, it gives an amazing and integrated feature to all QuickBooks users which known as bank reconciliation in QuickBooks online. In which, every user can easily track down all the payment transactions related to banks. And in this guide, we will discuss this great feature.
First of all, we will simply consider the best QuickBooks desktop version. If you want to undo or delete reconciliation in QuickBooks online, so you can do it in just one step. Because it’s too easy and no so complicated for anyone.
Reasons To QuickBooks Online Undo/Delete Reconciliation
Incorrect Date:- The QuickBooks user did a little mistake in the past date. Simply a payment entry has been made in the past date. And the payment was just recorded, but the date was wrong or incorrect for the record. So in that case, the error in the statement date can be easily corrected by undoing or deleting bank reconciliation.
The Transaction Is Not Just Cleared From The Cache:- Sometimes, the QuickBooks user creates an entry in QuickBooks, but it does not mean that the entry has been simply cleared. And the QuickBooks user must see otherwise, the only way through is to undo or delete bank reconciliation in QuickBooks online.
Incorrect Bank Reconciliation:- As we know mistakes can be made by anyone anytime – whether it is software or human. The QuickBooks user has made an error about the reconciliation, which points to the incorrect record of the data. In order to improve it, the user must go for delete or undo bank reconciliation in QuickBooks.
Wrong Bank Statement Date:- Due to some reasons, the date on the bank statement is simply recorded wrong or incorrectly. And in other words, it means an original or actual date is not printed on the bank statement, which a user can simply punch in the QuickBooks.
Ways To Undo/Delete Reconciliation in QuickBooks Online Accountant
Here we have discussed how to go for undoing or deleting reconciliation in QuickBooks online, especially, in QuickBooks online accountant. You just follow these easy step which is given below:-
- So in the very first step, you should approach the Gear Icon, and then simply click it.
- And the second step simply says that you should click on Reconcile under Tools.
- The third step is most important as you have to just choose the bank for undoing or deleting reconciliation in QuickBooks. Just, choose the select bank account that you won’t go for delete or undo bank reconciliation.
- And then the fourth step describes that you should hover your mouse above the reconciliation month which you want to go for delete or undo. And at this time, you’ll get an UNDO button to just right of the Auto Adjustment column.
- Now in the fifth step, you just click on the UNDO button.
- And then simply go for the OK option.
- Finally, the success screen will just open in front of you. And in the end, just go for the OK button.
Ways To Undo Or Delete Reconciliation in QuickBooks Online
There are always the most simple ways to delete or undo the reconciliation transaction in QuickBooks Online. So just follow these instant steps:-
- Firstly, simply locate the option: Banking from the just left menu of QuickBooks.
- And in the second step, simply click on the Banking option, and then located it at the top.
- Now in this step just choose the Account at the top.
- And in the next step simply go to the Register/Account History, and which can be simply seen above the Action column.
- Then again, just look for the unreconciled transactions one by one at a one time.
- And then simply highlight the tab on the transaction.
- Now just click Tab on the R on the top line transaction. And it is simply located between the Amount and Depositor Charge and Payment amount.
- As the steps go on: simply clicking in this field will give you permission to just change all transaction’s status. And it will be simply done to the desired status from blank = unreconciled to C = Cleared.
- Now just save progress.
- Then you’ll simply get a pop-up displaying this image.
- And at the last simply press the OK button, and then you are just done with the process.
Advantages of Bank Reconciliation transactions in QuickBooks Online
QuickBooks accounting software always gives great and amazing features to its users. And here are various benefits that QuickBooks holds for its users. So let’s have a look:-
Record All Type Of Transactions:- So if you use QuickBooks for your bank transactions, then, QuickBooks simply handles all your bank transactions and always keeps them safe with it.
Always Updated Reports:- Tell me something, how you feel when you see all of your important data and reports are up-to-date? Well, this is definitely done by the best QB accounting software. It always maintains and also updates all the important financial reports, such as profit & loss, balance sheet, and also all cash flow statements.
Cleared All Transactions:- The transactions which are recorded in the QuickBooks accounting software will simply describe the signal of “clear”.
No Error Or Discrepancy:- QuickBooks accounting software always maintains the books at a safe & secure level. The transactions that happened at your bank-level, will also be seen in just the QuickBooks panel. So if there is some variation or differences between your passbook or cashbook, QuickBooks will simply find that change.
Thus, it is simply concluded that delete or undo reconciliation in QuickBooks online is only available for all those people who have just subscribed to QuickBooks online accountants. Reconciliation in QuickBooks desktop comes in use during all types of payment transactions and also for accounting purposes.
So that’s all about how to undo or delete reconciliation in QuickBooks online. We hope this guide surely gives you complete knowledge about it.