Steps to Undo or Delete Reconciliation in QuickBooks

by James Antonio

When the QuickBooks Balance Sheet is not in sync with the bank statement after reconciliation, sometimes it becomes a necessity to un-reconcile your particular QuickBooks transactions before editing the mistakes, if any.

In the desktop version of QuickBooks, it is possible to do a previous reconciliation in just one step. If are using QuickBooks Online, it is imperative that every transaction individually is unreconciled.

Yes. Undoing past QuickBooks Desktop reconciliation is easy in one step.

What is Undoing of Reconciliation in QuickBooks?

Reconciling bank statements is not that difficult, however, there is often the need to remove or un-reconcile a transaction or remove a particular transaction from the overall reconciliation.

This typically takes place when you by mistake add a transaction to reconciliation. Please find below some of the possible factors that lead to undoing Bank Reconciliation:

  • A transaction is not checked off properly and had not been cleared too
  • The bank statement date is wrong or not on the right day
  • The payment was registered for a wrong date
  • The bank reconciliation was done forcibly and now needs to be done in the right method

Why do you need to undo Reconciliation in QuickBooks?

Here are the possible reasons to undo reconciliation in QuickBooks:

  • All the transactions must be checked properly and should be checked that there is no check remaining which need to be cleared in the days to come
  • The bank statement given was wrong and not for the right date
  • The payment recorded was not for the right date
  • The conducted bank reconciliation was forced
  • Reconciliation helps users to point out the changes in income
  • Analyze numerous hidden bank errors
  • Reconciliation helps to avoid any kind of fraud from the employees or vendors

How to Undo or Delete Reconciliation in QuickBooks?

Here you can follow the steps to Undo or Delete Reconciliation in QuickBooks.

Estimated Reading Time: 7 minutes

Steps to Undo or Delete Reconciliation in QuickBooks:

Step 1: Open your QuickBooks account and navigate to the Banking option and select the left menu

Step 2: Pot this, chose Banking on the top

Step 3: Select the Account seen on the top

Step 4: Post this, go to Register/Account History

Step 5: Now look for the particular transaction which you wish to reconcile, but only one at a time

Step 6: The highlight the particular tab on the transaction

Step 7: Now click the R that is on the top line of the transaction that is suited between Deposit and Amount

Step 8: By selecting the field, you will enable to change the transaction status to the status desired. From Blank=unreconciled to C=Cleared

Step 9: Press on Save

Step 10: A pop up will show and then click on Yes

Steps to undo Bank Reconciliation in the QuickBooks Online Accountant Version

Step 1: First you need to select the Gear icon.

Step 2: Then select Reconcile that is below tools.

Step 3: Now you need to choose the bank account again that you wish to Undo Reconciliation.

Step 4: Now select the Reconciliation month that you wish to undo.

Step 5: You will see an Undo button on the right side of the auto Change column.

Step 6: Now just click on the Undo button.

Step 7: A message will pop up on the computer screen.

Step 8: Now you need to select the OK button.

Step 9: The success message will be displayed with a pop-up.

Step 10: Select the OK button.

Steps to Undo Bank Reconciliation in QuickBooks Online

QuickBooks Online does the reconciliation of transactions differently and hence you need to reconcile one at a time:

Step 1: Go to the Start menu and choose Registers from the particular Banking Menu and then select the Account from the particular Register Name in the drop-down.

Step 2: Now you need to tap on the transaction that you wish to reconcile and then delete R seen at the top of the transaction to edit its rank to the unreconciled.

Step 3:
In case you wish to reconcile every part of the transaction for a certain time-period, then it is recommended to print a list of the reconciled transactions by utilizing the reconcile alternative from the particular banking menu.

Steps to undo Bank Reconciliation in the QuickBooks Desktop Version

If you have a QuickBooks Desktop version such as the QuickBooks Premier or the QuickBooks Pro, then as a user you can unreconcile an overall reconciliation by selecting the Reconcile Now from the Banking Screen and then choose Undo Last Reconciliation.

However, prior to doing this, users are required to select the Locate Discrepancies in order to produce a list of the discrepancies to locate the mistake.

If you still cannot Undo or Delete Reconciliation in QuickBooks, then it is highly recommended to hire the services of a professional.


What is Bank Reconciliation?

Bank reconciliation is the statement that provides a detailed explanation of the difference between bank balances as per cash book with passbook.

Why QuickBooks Reconciles?

To ensure the beginning balance in QuickBooks along with the transactions listed is the same as the monthly bank balance or not.

Can Reconciliation be Done Manually?

Yes. Reconciliation can be done manually if there is a requirement to change few transactions. It is not recommended to reconcile manually when there are too many transactions.

When the reconciliation is done manually, it will solve the main reason for the rising problem. In some instances, it has created additional problems.

How to Recover Deleted Items?

Here are the steps to recover deleted items:

• Select reports and then choose taxes and accounts
• Select delete transactions
• Add the date to delete the reconciliation and then add the transaction again

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Supported Entities/Lists

Dancing Numbers supports all QuickBooks entities that are mentioned below:-

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Receive Payment
Estimate
Credit Memo/Return Receipt
Sales Receipt
Sales Order
Statement Charge

Vendor Transactions

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Purchase Order
Item Receipt
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Banking Transactions

Check
Journal Entry
Deposit
Transfer Funds
Bank Statement
Credit Card Statement
Credit Card Charge
Credit Card Credit

Employee Transaction / List

Time Tracking
Employee Payroll
Wage Items

Others

Inventory Adjustment
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Vehicle Mileage

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Frequently Asked Questions

 
How and What all can I Export in Dancing Numbers?

You need to click "Start" to Export data From QuickBooks Desktop using Dancing Numbers, and In the export process, you need to select the type you want to export, like lists, transactions, etc. After that, apply the filters, select the fields, and then do the export.

You can export a Chart of Accounts, Customers, Items, and all the available transactions from QuickBooks Desktop.


How can I Import in Dancing Numbers?

To use the service, you have to open both the software QuickBooks and Dancing Numbers on your system. To import the data, you have to update the Dancing Numbers file and then map the fields and import it.


How can I Delete in Dancing Numbers?

In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option.


How can I import Credit Card charges into QuickBooks Desktop?

First of all, Click the Import (Start) available on the Home Screen. For selecting the file, click on "select your file," Alternatively, you can also click "Browse file" to browse and choose the desired file. You can also click on the "View sample file" to go to the Dancing Numbers sample file. Then, set up the mapping of the file column related to QuickBooks fields. To review your file data on the preview screen, just click on "next," which shows your file data.


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XLS, XLXS, etc., are supported file formats by Dancing Numbers.


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Dancing Numbers offers four varieties of plans. The most popular one is the basic plan and the Accountant basic, the Accountant pro, and Accountant Premium.


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How can I Import Price Level List into QuickBooks Desktop through Dancing Numbers?

First, click the import button on the Home Screen. Then click "Select your file" from your system. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file.

To review your file data on the preview screen, just click on "next," which shows your file data.


What are some of the features of Dancing Numbers to be used for QuickBooks Desktop?

Dancing Numbers is SaaS-based software that is easy to integrate with any QuickBooks account. With the help of this software, you can import, export, as well as erase lists and transactions from the Company files. Also, you can simplify and automate the process using Dancing Numbers which will help in saving time and increasing efficiency and productivity. Just fill in the data in the relevant fields and apply the appropriate features and it’s done.

Furthermore, using Dancing Numbers saves a lot of your time and money which you can otherwise invest in the growth and expansion of your business. It is free from any human errors, works automatically, and has a brilliant user-friendly interface and a lot more.


Why should do you change the Employee status instead of deleting them on QuickBooks?

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.


Is it possible to use the Direct Connect option to sync bank transactions and other such details between Bank of America and QuickBooks?

Yes, absolutely. You can use the Direct Connect Option by enrolling for the Direct Connect service which will allow you access to the small business online banking option at bankofamerica.com. This feature allows you to share bills, payments, information, and much more.


Why should do you change the Employee status instead of deleting them on QuickBooks?

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.


What are the various kinds of accounts you could access in QuickBooks?

QuickBooks allows you to access almost all types of accounts, including but not limited to savings account, checking account, credit card accounts, and money market accounts.

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Bulk import, export, and deletion can be performed with simply one-click. A simplified process ensures that you will be able to focus on the core work.

Worried about losing time with an error prone software? Our error free add-on enables you to focus on your work and boost productivity.

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