Many times there occur several scenarios in which reversing reconciliation becomes a necessary task. For instance when the QB balance sheet failed to match the bank statement or payments were recorded incorrectly, the wrong date, a transaction was not properly checked off or entered incorrect bank statement, etc. Fortunately, there is a simple method available to undo reconciliation in QuickBooks online. You can even un-reconciled transactions specifically. The below article is rounded up with the guide to reverse reconciliation in QuickBooks online.
How to undo/Delete reconciliation in QuickBooks online?
Walkthrough the below instructions to undo or delete account reconciliation:
Firstly open the QuickBooks online
Locate the Gear icon and hit on the option
Next below the company column choose the Chart of Accounts tab
Find a suitable account for the transaction
Hit View Register in the Action column
Search for the desired transaction you need to edit
In case you view column name named Reconcile status
On the transaction front you need to give a click repeatedly to modify its status:
If you view C it states Cleared
If you see R it determines Reconciled
In case you view Bank that means not cleared/not reconciled
Now you need to stop on the status bank. It determines you need undo reconciliation
Hit Save option
You need to do the same procedure for all the transactions that you need to undo reconciliation
At last close the register
How to undo reconciliation in QuickBooks Online Accountant?
Open the QuickBooks Accountant
Locate Gear tab
It will display a drop-down option
Click column Tools
Below the Tools tab, you will view the button named Reconcile and give a click on it
It will open up a page named Reconcile an account
Give a click on the button labeled History by account
It might take some minutes to the History by account page
Hit Account and select report period
This button helps you to find the reconciliation to undo
Below the Action column, give a hit on the button named Undo
Press yes option
It will display a confirmation window
Hit Undo button
Choose Ok tab
Here the article named “undo reconciliation in QuickBooks online” completes! Hopefully, the information is beneficial for you to tackle bank error, stop fraud cases, risk and fluctuation analysis.
Source: https://politichatter.com/read-blog/24317
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