Unreconciling Transactions

Reconciling your bank accounts is a fundamental aspect of financial management, ensuring that your internal records align with your bank statements. However, mistakes can happen during reconciliation, and you may find yourself needing to un-reconcile a transaction.

You can un-reconcile the transaction based on two conditions:

1. The bank account is already reconciled

2. The bank account is not reconciled

Unreconciling Transactions in a Reconciled Bank Account

If your bank account has already been reconciled and you need to un-reconcile a transaction, follow these steps:

• Navigate to the bank statement Centre.

• Click on bank statement details.

• Find the transaction that you want to un-reconcile.

• Click on the transaction (“reconciled” tag).

• Then click on the button “Unreconcile”.

Alternate Method: Using the Account Register

• If you prefer, you can also find all transactions in the Account Register module.

• Go to the Account Register, locate the transaction you want to un-reconcile, click on the "is reconciled" column, and un-reconcile the transaction from there.

Addressing Discrepancies

Please note that changing any transaction after the bank is reconciled will result in the amount difference when you attempt to reconcile the bank again.

This change will show up in the bank reconciliation change report.

To address this discrepancy, follow these steps:

1. Go to "Reconcile Bank Account."

2. Select the bank account you want to reconcile.

3. Enter the ending balance and ending date of the last reconciliation.

4. The un-reconciled transaction will appear on the reconciliation screen.

5. Re-reconcile the transaction(s).

Unreconciling Transactions in a Non-Reconciled Bank Account

If the bank is not reconciled yet, It is an easier change to do. All your reconciled transactions show at the bottom.

• Find the transaction that you want to un-reconcile by entering the amount or description in the search box.

• Click on the transaction (“reconciled” tag)

• Then click on the button “Unreconcile”

The transaction will again show up in the reconciliation section so it can be reconciled again.

Modules with Un-Reconcile Option

The option to un-reconcile transactions is available in the following modules:

• Bank Deposit

• Fund Transfer

• Journal Entry

• Outgoing Payment

• Customer Deposit

• Invoice Payment

• Refund Sub-form

• Sale Receipt

• Tax Installment

• Vendor Prepayment

• Vendor Refund Centre

By following these steps, you can efficiently un-reconcile transactions, ensuring your financial records are accurate and up-to-date. Whether your bank account is reconciled or not, you can use these steps to correct any mistakes and maintain financial integrity.