Can you undo a specific months bank reconciliation

Is there a way of undoing a specific month of bank reconciliation or do you have to undo every month until you get to the month where I have found an issue. (A delete visa card payment for $25.00) Unfortunately it is back in November 2018. I thought I fixed the error by reentering the visa card payment and I went back and ticked it but it is still out by $25.00.

Comments

Somi Assaran

Hi,

Unfortunately you need to undo all reconciliation after Nov 2018 one by one to reach the correct month.

Admin Direct

Thanks for the prompt reply. I was hoping there may have been an easier way.

Charley

Somi is correct but you can either do a Journal entry in this financial year bring it to the correct balance or in your next (or last) reconciliation you could let the reconciliation show that it's 25.00 out and then a new box will come up saying 'Reconcile Adjustment' it will say you have a 25.00 discrepancy then hit the button 'Enter Adjustment"; That way at least you know what it is

Zappy

You do not need to undo all the bank reconciliations and you do not need to do a general journal entry. You can alter a bank reconciliation in the past. It's quite simple. Call me Kevin 0407744914

Zappy

There is Call me. Kevin 0407744914

Zappy

Not correct Somi.

Somi Assaran

Hi Kevin,

I'd be interested to know more about the solution you have. Are you able to post it here for other users to see? It would be useful.

Thanks

Somi

Zappy

Certainly Somi. What I do is I run all the bank reconciliation report from today back to the point where it went out of balance. I then fix the one that is out of balance. I am careful to re reconcile the bank back to the original date where it went out of balance. You can then run the bank reconciliation report at today's date and it will be correct It's not rocket surgery. Ive been doing this for decades. I can tell you I wish someone had told me this when I was using Quickbooks version 3.0 back in the good old days in 1997. It would have saved me a whole mess of trouble. Thanks for your question.

Zappy

Charles, Somi is not correct. See my post above.

Charley

I like your solution neat; but I make sure I'm never out of balance. The few times I do muck up in a previous reconciliation I've entered something in the wrong month/year

Admin Direct

Thank you Kevin. I already acted on Somi's reply and have unreconciled all those months and reentered them. I hope it never happens again but I am going to print off your explanation and keep it somewhere safe...just in case.

Zappy

Admin don't worry, this is what I do. Sometimes of us old timers know more than the reckon tech staff. I always tell my clients if its possible to make a mistake in Reckon, I've done it. When you are selling your time, like I'm, its pretty important to have these shortcuts or you end up costing the client money. And sometimes yourself if she doesn't want to pay.

Zappy

Charles if you import the bank statements like I do, that's pert near impossible. Of course if you inadvertently delete a transaction in a prior period, it will cause problems. Im just offering a solution for finding it and fixing it. I'll tell you something else. Regardless of the bank statement date, I always reconcile the bank to the end of the month. That way I only have 12 reconciliations a year in Reckon so I only need to look in twelve places if its out. It's just experience that teaches you these things, that and making too many mistakes. Cheers

R0sie

Hi Zappy, I have the same issue. May I confirm what exactly is the shortcut process?

Zappy

As discussed Rosie you need to take note of how far out the reconciliation is. You need to run the reconciliation reports for the previous periods and compare it to the bank statement to find where the difference arises. You can then fix the prior period and rereconcile the bank back at the original date. Call me if any of this is unclear.

0407744914

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