Book Keeping Task/Reconciliation - Revision history

Brett Wuth: /* Undo reconciliation */

2019-08-30T20:45:05Z

Undo reconciliation

←Older revision		Revision as of 20:45, 30 August 2019
Line 91:		Line 91:

	This will likely only make sense if:		This will likely only make sense if:
-	* only the latest reconciliation needs undoing
	* several transactions were changed such that using the above procedure is onerous		* several transactions were changed such that using the above procedure is onerous
	* you have access to someone that has signed up to the Canadian QuickBooks Online Accountant (QBOA) feature		* you have access to someone that has signed up to the Canadian QuickBooks Online Accountant (QBOA) feature

Brett Wuth: /* Stale dated cheques */

2019-05-26T16:41:34Z

Stale dated cheques

←Older revision		Revision as of 16:41, 26 May 2019
Line 5:		Line 5:

	During the reconciliation process, don't just check the amounts. Also check (and if necessary correct) the date of the transaction.		During the reconciliation process, don't just check the amounts. Also check (and if necessary correct) the date of the transaction.
		+	== Internal transfers ==
		+	Sometimes you will see a pair of opposite transfers as uncleared transactions.
		+	These are internal transfers between the Fund-based subaccounts of a bank account. As such you will see both sides of the transaction when you are reconciling the account, the transfer from one subaccount and the transfer to the other subaccount. As they're internal transfers of the same bank account, they will not appear on the bank statement. Clear both sides of the internal transfer when you are reconciling the next statement.
		+
	== Stale dated cheques ==		== Stale dated cheques ==
	If you find any cheques that are older than 6 months prior to the date of the reconciliation, they are stale dated.		If you find any cheques that are older than 6 months prior to the date of the reconciliation, they are stale dated.

Brett Wuth at 16:31, 26 May 2019

2019-05-26T16:31:55Z

←Older revision		Revision as of 16:31, 26 May 2019
Line 5:		Line 5:

	During the reconciliation process, don't just check the amounts. Also check (and if necessary correct) the date of the transaction.		During the reconciliation process, don't just check the amounts. Also check (and if necessary correct) the date of the transaction.
		+	== Stale dated cheques ==
		+	If you find any cheques that are older than 6 months prior to the date of the reconciliation, they are stale dated.
		+	See
		+	{{link\|Book Keeping Task/Stale cheques}}.

	== Editing after reconciliation ==		== Editing after reconciliation ==

Brett Wuth: /* Undo reconciliation */

2019-04-22T20:00:47Z

Undo reconciliation

←Older revision		Revision as of 20:00, 22 April 2019
Line 89:		Line 89:
	If not all of these things are true, you're better to use the procedure described above.		If not all of these things are true, you're better to use the procedure described above.

		+	The person you are inviting to be an "Accountant" for the books, should have access to the ''Canadian'' QuickBooks Online Accountant feature, not the ''US'' version which is the default. [[Members:Book Keeping Task/QuickBooks/Online Accountant\|See here]].

-	The person with QBOA will follow [https://quickbooks.intuit.com/community/Help-Articles/Undo-your-client-s-reconciliations-with-QuickBooks-Online/m-p/262360 this procedure] ({{link\|Image:Members:Undo-your-client-s-reconciliations-with-QuickBooks-Online.pdf\|cached}})	+	If not already established invite the person with QBOA to be an "Accountant" for the books.
		+	Go to "Gear" > "Your Company" > "Manage Users" > "Accounting firms" > "Invite".
		+
		+	The person with QBOA will follow [https://quickbooks.intuit.com/community/Help-Articles/Undo-your-client-s-reconciliations-with-QuickBooks-Online/m-p/262360 this procedure] ({{link\|Image:Members:Undo-your-client-s-reconciliations-with-QuickBooks-Online.pdf\|cached}}).

Brett Wuth: /* Undo reconciliation */

2019-04-22T19:51:43Z

Undo reconciliation

←Older revision		Revision as of 19:51, 22 April 2019
Line 85:		Line 85:
	* only the latest reconciliation needs undoing		* only the latest reconciliation needs undoing
	* several transactions were changed such that using the above procedure is onerous		* several transactions were changed such that using the above procedure is onerous
-	* you have access to someone that has signed up to the Canadian QuickBooks Online Accountant feature	+	* you have access to someone that has signed up to the Canadian QuickBooks Online Accountant (QBOA) feature
	* that person's time is available within the timeframe you need		* that person's time is available within the timeframe you need
	If not all of these things are true, you're better to use the procedure described above.		If not all of these things are true, you're better to use the procedure described above.
		+
		+
		+	The person with QBOA will follow [https://quickbooks.intuit.com/community/Help-Articles/Undo-your-client-s-reconciliations-with-QuickBooks-Online/m-p/262360 this procedure] ({{link\|Image:Members:Undo-your-client-s-reconciliations-with-QuickBooks-Online.pdf\|cached}})

Brett Wuth: /* Undo reconciliation */

2019-04-22T19:47:30Z

Undo reconciliation

←Older revision		Revision as of 19:47, 22 April 2019
Line 84:		Line 84:
	This will likely only make sense if:		This will likely only make sense if:
	* only the latest reconciliation needs undoing		* only the latest reconciliation needs undoing
		+	* several transactions were changed such that using the above procedure is onerous
	* you have access to someone that has signed up to the Canadian QuickBooks Online Accountant feature		* you have access to someone that has signed up to the Canadian QuickBooks Online Accountant feature
-	* that person's time is available within ~~theetimeframe~~ you need	+	* that person's time is available within the timeframe you need
		+	If not all of these things are true, you're better to use the procedure described above.

Brett Wuth: /* Undo reconciliation */

2019-04-22T19:43:45Z

Undo reconciliation

←Older revision		Revision as of 19:43, 22 April 2019
Line 80:		Line 80:
	Don't do any other work in Quick Books or you'll likely have to delete it all and start over.		Don't do any other work in Quick Books or you'll likely have to delete it all and start over.
	== Undo reconciliation ==		== Undo reconciliation ==
		+	Under some circumstances it may be practical to use the special "undo reconciliation" feature.
		+
		+	This will likely only make sense if:
		+	* only the latest reconciliation needs undoing
		+	* you have access to someone that has signed up to the Canadian QuickBooks Online Accountant feature
		+	* that person's time is available within theetimeframe you need

Brett Wuth: /* Editing after reconciliation */

2019-04-22T19:37:02Z

Editing after reconciliation

←Older revision		Revision as of 19:37, 22 April 2019
Line 79:		Line 79:
	You'll need to investigate further.		You'll need to investigate further.
	Don't do any other work in Quick Books or you'll likely have to delete it all and start over.		Don't do any other work in Quick Books or you'll likely have to delete it all and start over.
		+	== Undo reconciliation ==

Brett Wuth: /* Editing after reconciliation */

2018-04-11T21:57:49Z

Editing after reconciliation

←Older revision		Revision as of 21:57, 11 April 2018
Line 55:		Line 55:

	Click twice on the reconciliation spot, to turn it from blank to "R".		Click twice on the reconciliation spot, to turn it from blank to "R".
		+
		+	[[Image:QBO example rereconcile.pdf\|800px]]
		+
	Click on "Save".		Click on "Save".
		+	You'll see a warning.
		+
		+	[[Image:QBO example Rereconcile verify.png]]
		+
		+	Click on "Yes".
		+
		+	Now the transaction should be reconciled again. Check to see the "R" on it.
		+
		+	[[Image:QBO example rereconciled.pdf\|800px]]
		+
		+	Finally, check to see if the overall reconciliation is correct.
		+	You can check by selecting "Gear" > "Reconcile" and checking that the "Beginning balance" for the affected accounts
		+	match the closing balance on the last reconciled statements.
		+
		+	[[Image:Reconcile normal.png]]
		+
		+	'''You should not see a warning.'''
		+	If there is a warning, you are not done.
		+	You'll need to investigate further.
		+	Don't do any other work in Quick Books or you'll likely have to delete it all and start over.

Brett Wuth: /* Editing after reconciliation */

2018-04-11T21:38:45Z

Editing after reconciliation

←Older revision		Revision as of 21:38, 11 April 2018
Line 55:		Line 55:

	Click twice on the reconciliation spot, to turn it from blank to "R".		Click twice on the reconciliation spot, to turn it from blank to "R".
		+	Click on "Save".