When your business financial transactions don’t match with the bank then it becomes all more important for you to reconcile your entries. Though, we must say that reconciliation itself is a highly boring task, as it requires your undivided attention to fix your issue. In one sense you cannot go wrong here. But often time’s people find themselves in a lurch and thus look for “How to edit reconciliation in QuickBooks”.
Reconciliation is not a one-time process; you can do the edits as many times as you want until you see a corrected and matching figures. Thus to re-reconcile your already reconciled QuickBooks entry, you can do one of the following two things:
Though we will cover both the methods in details, but one thing for sure that it is highly crucial that you follow the practice to reconcile your entries every single month. Matching entries with your bank allows you to track your every financial that you did over a month. Moreover, it also helps you to find and correct any discrepancies that you might have.
First thing first, let’s check out how to edit reconciliation in QuickBooks. If you have already reconciled an entry in QuickBooks previously and now have found the mistake again, then you have the privilege to do the reconciliation again. Here is the step by step process on how you can do that.
With the help of above-given steps, you will be able to resolve your query “How to edit a reconciliation in QuickBooks.” easily. If there are still some transactions left that you are not able to reconcile no matter what, then we would suggest un-reconciling everything for that transaction and do the reconciliation again. This will help you clear the cloud of doubt and you will be able to start from scratch.
There sometimes remains a lot of issues when you have done reconciliation in parts. Thus the best thing would be to unreconcile your entry and do the reconciliation again. Believe it or not, this can actually help you figure out error easily. Though we have a dedicated section on how to unreconcile in QuickBooks here is what all needs to be done.
Before moving forward and unreconciling your transaction, it’s best to take a note of every discrepancy you are facing. This will only help you in rectifying your error, the next time you do the reconciliation. To do this, simply click on the locate discrepancies option and a report related to all the errors will be generated.
If you have followed everything step correctly then you should have no more reconciliation to be done. But, if you are still not able to figure out how to edit reconciliation in QuickBooks then you should talk to our experts. Our Quickbooks proadvisors remain available 24/7, thus you can wait no more and call us now.
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