Undoing a reconciliation in QuickBooks Online is necessary when you’ve mistakenly reconciled transactions, and you need to correct your financial records. Here’s a step-by-step guide on how to undo reconciliation in QuickBooks Online:
Step 1: Access Reconciliation
First, log in to your QuickBooks Online account. From the left navigation bar, click on “Accounting” or “Transactions,” then select “Reconcile.” Choose the account you want to work with.
Step 2: Start the Reconciliation Undo Process
In the Reconcile window, click on “Resume reconciling.” This will take you to the reconciliation you want to undo.
Step 3: View Previous Reconciliation Reports
Once in the reconciliation, you can review previous reconciliation reports. This is essential for reference and to understand what needs to be corrected.
Step 4: Start the Undo Process
Click on the “Undo Last Reconciliation” button located at the top of the reconciliation screen.
Step 5: Confirm Undo Reconciliation
QuickBooks will prompt you to confirm the undo reconciliation process. You’ll see a warning message that states this action can’t be undone. Ensure you have a backup or a copy of your company file before proceeding.
Step 6: Provide a Statement Ending Date
After confirmation, you’ll need to provide a statement ending date. This should be the same as the statement ending date from the reconciliation you’re undoing. This step is crucial for QuickBooks to know where to stop the undo process.
Step 7: Click “Undo”
Click the “Undo” button to proceed. QuickBooks will process the undo reconciliation request.
Step 8: Review Transactions
QuickBooks will display the transactions that will be affected by the undo reconciliation process. Review them to ensure accuracy.
Step 9: Complete Undo Reconciliation
You will receive a confirmation message once the process is complete. Your reconciliation has been undone, and the previously reconciled transactions are now unreconciled.
