Seasonal Savings: 20% off selected memberships for a limited time. Give now
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.
With online video courses at lynda.com, you can reach your goals faster. Learn software, improve your skills, and get an inside look at how the professionals work.
Share this article:
Tags: Finance, QuickBooks, Bonnie Biafore, Accounting, QuickBooks Pro
You can change your email preferences at any time. We will never sell your email. More info
Thanks for signing up.
We’ll send you a confirmation email shortly.
Sign up and receive emails about lynda.com and our online training library:
Keep up with news, tips, and latest courses with emails from lynda.com.
We've updated our terms and conditions (now called terms of service).Go Review and accept our updated terms of service.