Explained: How to Undo Reconciliation in QuickBooks

QuickBooks provides the feature to reconcile the bank accounts and also the option to undo reconciliation in QuickBooks. The Bank accounts are reconciled to check the health of the company’s accounts and to streamline the transactions. It is done to match the transactions that have been done by you with your bank statements and credit card account. On the monthly reconciliation of bank account in QuickBooks, the balance at the end of the previous month should match the balance at the beginning of the new month. It’s not ideal to undo reconciliation in QuickBooks as it can mess up your accounts so it should always be done under the supervision of your accountant. In this article, we will discuss the process to undo the reconciliation in QuickBooks Online.

If you have further queries or you need any help regarding reconciliation in QuickBooks, then contact us at our (800)-417-5147.

Why can’t I Undo a Reconciliation in QuickBooks online?

If you are wondering why can’t I undo a reconciliation in QuickBooks then the answer would be because it is not advised to. Undoing the reconciliation manually can be performed in QuickBooks Online but even a small change can unbalance the accounts. So, you are only allowed to undo the reconciliation for one transaction at a time. It can be very risky and any mistake can cost you a lot of time later on. The process to undo reconciliation in QuickBooks is advised to be performed by an accountant. This facility is provided in the QuickBooks Accountant’s version as an accountant has the necessary expertise to undo the reconciled accounts.

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How to Undo Reconciliation in QuickBooks online 2018?

QuickBooks Online allows its users to unreconcile the accounts by modifying only one transaction at a time. Here is a detailed step for how to undo reconciliation in QuickBooks Online 2018.

1. Reach the ‘Accounting’ menu and then select the ‘Chart of Accounts’.

2. Click on the ‘View Register’ option.

3. Reconciled transactions have an ‘R’ beside it. You have to select the transactions.

4. In the box where ‘R’ is mentioned, keep tapping until the ‘R’ changes to ‘C’ or there is a blank.

5. Click on the ‘Save’ option and then close the register.

Repeat these steps over and over for the number of transactions you need to undo the reconciliation for.

How do I undo a reconciliation in QuickBooks Desktop?

If you use QuickBooks desktop and you are wondering how do I undo a reconciliation in QuickBooks Desktop then you can do it by applying the same method as done for QuickBooks Online one by one for individual transactions.

Through this article, we explained to you the process to Undo Reconciliation in QuickBooks. If you are still facing any issues regarding reconciliation or any other issue in QuickBooks, then contact us at our (800)-417-5147.

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