When the Chart of Accounts appears, click View Register. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Here is a list of our partners and here’s how we make money. The steps above will help achieve your reconciliation goal.

1. Click on the box with the R until it is clear, then click Save.
2. When you reconcile an account, you compare each transaction on your bank statement with transactions entered into QuickBooks.
3. You may be able to unreconcile a single transaction easily, but you cannot re-reconcile that transaction without undoing and re-doing the reconciliation.
4. Pay close attention to the “R” column (that’s the reconciliation column) to ensure everything matches.
5. Now that you’ve reviewed those transactions thoroughly, it’s time to identify any discrepancies or errors lurking around.

How To Manage QuickBooks Online Bank Feeds

Scroll down on the Bank Register screen until you see the transactions you want to un-reconcile. These are denoted by an R (a C indicates the transaction was matched or entered via bank feeds, but it hasn’t been reconciled through the reconciliation process yet). I wanted to see how everything is going about unreconciling your bank statement you had the other day. Do you need any additional help or clarification? This seems like a simple fix for quickbooks if they are watching. To give you an idea of when it makes sense to undo a bank reconciliation in QuickBooks Online, let’s use the following scenario.

Step 1: Review the account

A little bit of preparation makes all the difference in ensuring that you don’t accidentally mess your books up. So, before you even consider the idea of unreconciling, there are a few important steps to take first. We believe everyone should be able to make financial decisions with confidence.

When it comes to the pop-ups about purchasing products, this is a way to introduce new features and enhancements for users like you, our valued customer. You can prevent this from showing up by clicking the X sign or No thanks button. I’ll be happy to help you unreconcile an entire month. I have actually seen this method and used it in the past and I beleive Intuit might have updated the software and now the action column is not visible. They will be reverted to their unmarked status and they will appear as uncleared in your next account reconciliation. Just keep in mind that the more reconciliations you end up reversing, the bigger the discrepancies, so track everything you’re doing carefully.

How to undo reconciliation in QuickBooks Online

Anyone with an ounce of accounting experience understands that undoing reconciliations by month avoids the discrepancies that come with undoing individual transactions. To fix the error, let’s unreconcile the $200 and $125 checks and mark the $325 check as reconciled. To unmark a reconciled transaction, click anywhere on the entry, click R until it’s blank, and then click the Save button, as shown below. If you’ve identified any errors on the statement, contact your financial institution at once so they can investigate. This advice is great, except that I don’t have an accountant, so instructions to “have your accountant unreconcile the month” don’t help me much.

Reasons to undo reconciliation in QuickBooks Online

So, only use this option sparingly and as a last resort. Now that you’ve reviewed those transactions thoroughly, it’s time to identify any discrepancies or errors lurking around. You can access these reconciliation reports by going into the “Accounting” or “Banking” menu and checking out your bank register. Once your backup is safe and sound, go through your reconciled transactions with an extremely detailed approach. I was able to unreconcile the entire month by going to the Accounting tab then to Chart of Accounts  then to Reconcile.

If you’re unsure, we recommend talking to your accountant before making any changes. If you see an error message in your beginning balance after clicking the Reconcile button, it means there are still errors in your records. Investigate the cause of the error by carefully double-checking your transactions and fixing the reconciliation again. Keep in mind that credit card transactions can often make up part of monthly statements. Unreconciling one can affect your closing statements, so double-check everything before you finalize. Click on the box with the R until it is clear, then click Save.

The best route would be to undo each reconcile from now until December 2020, since you need to edit January 2021. The reason being is so that the edit can be successful and your books be correct in the end. Learn more about revenue and cash budgets our reconcile workflow through this article. I have, more than once, seen an Intuit rep suggest that you could invite yourself (with a different email) as an accountant user in order to do this. There is no requirement to be an accountant, to have a QBOA account, or anything else to be invited as the accountant user that I am aware of.