To view or print the previous bank reconciliation report: 1. From the left Dashboard, select Reports. 2. Go to “For my accountant” section and select Reconciliation Reports. 3. Select Account. Select Report period. 4. Select “Statement Ending Date”. 5. Click “View Report” under Action column. 6. Click Print icon to print the report. How to […]
Category Archives: Reconcile
Reconcile an account screen to include service charge and interest earned fields in QBO
Reconcile an account screen to include service charge and interest earned fields in QBO If your bank accounts are not connected, you will see service charge and interest earned fields. If you bank accounts are connected, you will not see these two fields. The assumption here is these transactions are also automatically downloaded from the […]
How to reconcile the Undeposited Funds account the same way like bank accounts
Currently, there is no option to reconcile undeposited funds account. The undeposited funds account is not on the listing of accounts that can be reconciled like for bank, credit card and other assets and liabilities accounts. Interestingly, it’s sort of automatically reconciled when existing payments from the undeposited funds transferred to the bank account. What’s […]
In setting up my new QuickBooks file, how do I enter the existing bank account balance with outstanding uncleared checks
It really depends upon how they were reported in previous year’s Financial Statement Report. Let’s take examples and assume the ending bank balance per the bank statement is $11,000. There is also one check you wrote for $10,000 has not cleared the bank yet. In your books, the actual bank balance should be $1,000, right? […]
Can I add Class after reconciling without messing up bank reconciliation
Yes, you can add Class or changes after reconciling the transactions. As long as the change doesn’t include the date and amount of the reconciled transaction. There is no need to undo bank reconciliation to add Class in QBO.
Entered opening balance is wrong. How to fix it.
How to undo bank reconciliation in QuickBooks Online Accountant (QBOA) version?
Undo bank reconciliation feature is not available in any plans at this time. It is available in Accountant version only. In order to UNDO IT, first log in to your QBOA account Go to Client home page screen Click the company gear (upper right corner) Click Reconcile under Tools Select Bank Account to UNDO reconciliation […]