Oct 15, 2018 - I can't find the undo button on the new feature of reconciliation, would you please help? Undo your reconciliation in the new Reconcile screen by following these steps. And i used QBO application for MacOS high sierra - still the same. The bottom line is you CAN NOT UNDO a reconciliation UNLESS.
There are a number of reasons why you might need to change the opening balance of an account to ensure your books are accurate and up-to-date:. To correct an erroneous opening balance. To enter an opening balance for an account set up without one.
To change an opening balance when adding historical transactions to an account Warning Talk to your accountant before following any of the steps in the following sections. Change the account opening balance To change or update the opening balance for an account:. Select the Gear icon on the Toolbar. Under Your Company, select Chart of Accounts.
Locate the account. From the Action column drop-down menu, select Run Report. From the Report period drop-down list, select All Dates. Select Run report. Select the earliest deposit posted that is noted as Opening Balance in Memo/Description field to open the Bank Deposit window. Enter the new opening balance date in the Date field. In the Add funds to this deposit section, enter the new opening balance in the Amount column for the Opening Balance Equity entry.
Select Save and close. The opening balance is updated. Enter an opening balance for an existing account If you did not enter an opening balance when you set up an account, you can use following methods to enter one:. Make a deposit to your bank account and select Opening Balance Equity as the offset account.
Create a journal entry that debits your bank account and credits Opening Balance Equity For information on creating a journal entry, see. Create a new bank account, enter the correct opening balance and start date for it, and merge the existing bank account into it.
This is the simplest solution, but it is critical that you merge the existing bank account into the new bank account. For guidance on how to merge accounts, see Enter an opening balance based on historical data When you connect QuickBooks Online with your bank account for the first time using Add Account, you can download transactions from the previous 90 days. This process downloads all of the transactions that fall within that time period from the bank's website, and enters an Opening Balance for your bank account which also affects your Opening Balance Equity. The Opening Balance is the first entry in your bank register, and by default, it is marked Reconciled. For more information on Opening Balance Equity, see. If you need more than 90 days of transactions, you can export additional historical transactions from the bank and upload them into your QuickBooks company.
If you enter historical transactions, either by manual entry or using WebConnect, so that your bank register entries go back earlier than 90 days, you will need to delete the Opening Balance Entry created by QuickBooks Online Banking Admin and enter the opening balance for the date of your earliest historical transactions using one of the methods described in the previous sections and then move forward with your data entry.
You don't need to be an accountant to know how to use QuickBooks. Learn how to manage the finances for your small business yourself with the Mac version of this powerful accounting package. Jess Stratton shows how to create a new company file and back it up on a regular basis, and then set up accounts, taxes, and inventory items. Once your accounts are established, learn how to create estimates and purchase orders, send invoices, receive payments, and print checks—all of the day-to-day tasks that keep your business running. Finally, learn to integrate with online banking, find data and run reports, and close the books with end-of-year preparations. Instructor. Jess Stratton is a staff author and technology consultant who specializes in productivity software and mobile tech.
For over 10 years, Jess Stratton has operated her own technology consulting business, creating and maintaining databases for both enterprise and small-to-medium businesses, building websites, setting up networks, and coaching teams, employees, and individuals to harness the latest desktop and mobile technology for increased productivity. Jess is now a full-time staff author at lynda.com, in addition to being a regular and regarded presenter at Lotus Notes conferences and a contributing author for several industry print and web magazines, textbooks, podcasts, webcasts, and other popular sites, including Lifehacker.com. You can find Jess on her website at or follow her on Twitter @NerdGirlJess. By: Jess Stratton course. 24h 39m 58s. 88,040 viewers.
Course Transcript - Voiceover My name is Jess Stratton and welcome to QuickBooks for Mac. QuickBooks is a very powerful accounting package.
You don't need to be an accountant to use QuickBooks and I've actually designed this course for those that aren't accountants as I'll show you how to build your company from start to finish, explaining some general accounting procedures in the process. I'll show you how to begin by creating a new company file and then backing it up on a regular basis. Then I'll take you through setting up your shop by adding all your financial accounts.
After that, it's time to start adding products and inventory items. When you're all set up, I'll show you everything you'll be doing in your day-to-day operations such as creating estimates and purchase orders, sending invoices to customers, receiving payments, and even printing checks. I'll show you all of these things and much, much more. We have a lot to cover so let's get started right now.