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How to Undo Reconciliation in QuickBooks without Contacting the Accountant?

The need to undo the reconciliation in QuickBooks arises when after reconciling the accounts at the end of the month your final account balance does not match with the banking statement. This could happen because of several reasons like reconciling the incorrect bank account, making incorrect transaction entries, or accidental deletion of an entry from the accounting data.

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How to Undo Reconciliation in QuickBooks without Contacting the Accountant?

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  1. How to Undo Reconciliation in QuickBooks without Contacting the Accountant? The need to undo the reconciliation in QuickBooks arises when after reconciling the accounts at the end of the month your final account balance does not match with the banking statement. This could happen because of several reasons like reconciling the incorrect bank account, making incorrect transaction entries, or accidental deletion of an entry from the accounting data. No matter what causes the discrepancies, you can always undo reconciliation in QuickBooks without even contacting your accountant. Keep reading the complete presentation to know more on how to undo reconciliation in QuickBooks.

  2. Undoing Last Reconciliation in QuickBooks • Open QuickBooks and navigate to the Chart of Accounts window. • Now access the bank register where you can find the transactions to reverse the reconciliation. • Hit Accounting from the left pane and then click Chart of Accounts. • Click View Register option for the bank account you want to undo the reconciliation for. • Now look for the transactions that displays letter R next to them. (R indicates that the transactions has already been reconciled) • Now click inside the checkbox where the status is displayed as R and make it blank. • Click Save to change the status of the reconciled transactions.

  3. Once the all the transactions are unreconciled from a particular bank account, match it with the bank statement and check if the discrepancies are cleared. Always remember that the method to undo reconciliation in QuickBooks is different in different versions and variants of the application, so if you are using a different version or variant of QuickBooks, then you might need to follow different set of instructions. If you are not sure how to undo the reconciliation in other versions of QuickBooks or you are unable to implement the steps listed in this presentation, then dial (855)-526-5749 and get in touch with certified QuickBooks banking experts for a quick resolution.

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