General

How do I reconcile previous years in QuickBooks online?

Standard

How do I reconcile previous years in QuickBooks online?

Reconcile one year at a time

  1. Go to the Banking menu and select Reconcile.
  2. Select the Account drop-down then choose the account you want to reconcile.
  3. In the Statement Date field, choose the date from the financial statement you selected.
  4. In the Ending Balance field, enter the ending balance from your statement.

Can you reconcile again in QuickBooks online?

In QuickBooks Online, select Settings ⚙ and then Reconcile. If you’re reconciling for the very first time, select Get started to continue. From the Account ▼ dropdown, select the account you want to reconcile. Make sure it’s the same one on your statement.

How do I clean up old transactions in QuickBooks?

Clear Old Transactions With the Condense Data Tool

  1. Click “File” in the main menu bar.
  2. Select “Utilities” followed by “Condense Data.”
  3. Click to enable the “Transactions before a specific date” radio button in the Condense Data window.
  4. Enter your preferred date in the “Remove transactions before” field.

How do I manually reconcile a transaction in QuickBooks online?

Go to the Banking menu and select Reconcile. Select the bank account with the transactions you need to reconcile. In the Date of Statement field, enter date for an “off-cycle reconciliation.” This date can be any date between your last reconciliation and the next scheduled one.

Why can’t I see previous reconciliations in QuickBooks online?

SCENARIO: You are not able to view previous reconciliation reports and the report options and types are grayed out. This may be caused by a corrupted or damaged QuickBooks PDF converter when the previous reconciliation were done. Solution 1: Ensure your version of QuickBooks is up to date.

Where is bank reconciliation report in QuickBooks online?

How to view a reconciliation report

  1. Go to Business overview and select Reports (Take me there).
  2. Type Reconciliation Report in the Find report by name search bar.
  3. Select Reconciliation Reports.
  4. Select the Account for the reconciliation report you want to view.

How do you fix reconciliation discrepancies in QuickBooks Online?

Run a Reconciliation Discrepancy report

  1. Go to the Reports menu. Hover over Banking and select Reconciliation Discrepancy.
  2. Select the account you’re reconciling and then select OK.
  3. Review the report. Look for any discrepancies.
  4. Talk with the person who made the change. There may be a reason they made the change.