By Bonnie Biafore | Sunday, June 22, 2014
Say you discover a transaction that was recorded using the wrong QuickBooks feature. For example, you wrote a check in the QuickBooks’ Write Checks window to pay a bill and sent the payment off to the vendor. Now, it’s a month later and you see the vendor’s bill in QuickBooks: its status is unpaid and overdue. (Because you used the Write Checks window to write a check to the vendor, QuickBooks thinks the bill hasn’t been paid.) Even worse, you’ve already reconciled the check you wrote during your last bank account reconciliation. Fixing this error is as easy as 1-2-3:
Here are the steps to get your records back on track:
You’re almost done! Because you voided the original reconciled check, your beginning reconciliation balance won’t agree with the one on your bank statement. And the newly-created check isn’t reconciled either.
This reconciliation is like a mini-reconciliation. You only reconcile the transactions that have changed.
Now, QuickBooks recognizes that the bill has been paid. The bill payment is reconciled in your checking account. And the next time you reconcile the account, the beginning balance will match the beginning balance on your bank statement.
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Tags: Accounting, Bonnie Biafore, Finance, QuickBooks, QuickBooks Pro
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