Undo bank reconciliation? Does it have to be so hard? Unfortunately, it does if you don’t have access to QuickBooks Online Accountant version. But sometimes you have to start over just like that empty picture above with a white page and pencil. Sometimes you just have to fix or repair a transaction or two. The video will step you through how to fix the bank reconciliation if you have to fix a transaction. It will also walk you through how to start over if you don’t have access to QuickBooks online accountant version with the handy “undo” button in the bank reconciliation screen.
To make the repair: Basically, go to the +reconcile window. Look at your prior bank reconciliation. If there are changes, you need to click on them and put them back to where they were at the time you last reconciled. That may mean fixing a transaction that was changed or re-entering one that was deleted.
To completely Undo/Re-do quickly: But what if there is a big mess? What if there are numerous changes or what if you entered the wrong ending date and you need that printed bank reconciliation report to have the right date? Contact your CPA or ProAdvisor who can do it for you with one click. Update: New Bank reconciliation is here!!!! Everyone can undo their bank rec now. Simply click + reconcile>reconciliation history (top right corner)>under action>view report dropdown, click undo. New post to demonstrate this coming soon!
To completely undo manually: But what if it is a big mess and you do not have access to the Quickbooks Online Accountant’s version or a CPA or ProAdvisor who does? To manually undo, first print the prior bank reconciliation report. Then go to the bank register and uncheck the R till the box is empty on all of the transactions that clear in the prior bank rec. Then go back to the +reconcile screen, enter your ending balance from the prior bank rec and re-reconcile. Edit: 8/16/17: No longer do you need QBOA or do you need to do this manually. See notes above.
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