How To: Unreconcile a previous reconciliation
Table Of Contents
Introduction
If a mistake has been made during a bank reconciliation, Khaos Control allows you to undo the reconciliation and make the necessary corrections before reconciling the account again.
Important: You can only undo the most recent reconciliation, and the entire reconciliation must be reversed. It is not possible to unreconcile individual transactions within a reconciliation.
Once the required changes have been made, you can perform the reconciliation again.
Undo a Bank Reconciliation
- Open an Accounts screen (show me how).
- Select the required bank account from the Bank Account drop-down list.
- From the Reconciled drop-down list, select the reconciliation you want to undo.The list displays:
- Reconciliation date
- Statement number(s)
- Reconciled balance
- Enable the reconciliation filter by clicking the traffic light icon so that it turns green.
- Click Go to display the reconciled transactions.
- Click anywhere within the transaction grid.
- Right-click and select:Reconciliation > Unreconcile
- When prompted to unreconcile based on the selected transaction, click Yes.
- A warning message will confirm that the entire reconciliation will be undone.Click Yes to continue.
- Click OK on the confirmation message stating that the reconciliation has been undone.
Result
The selected reconciliation is removed, and all transactions from that reconciliation are returned to an unreconciled state.
You can then:
- Correct any transaction errors.
- Add or remove transactions if required.
- Reconcile the account again using the updated information.
Important Notes
Only the Latest Reconciliation Can Be Undone
Khaos Control only allows the most recent bank reconciliation to be reversed.
If you need to correct an earlier reconciliation, you must first undo any reconciliations that were completed afterwards.
Entire Reconciliation Only
You cannot unreconcile:
- Individual transactions.
- Selected items within a reconciliation.
The whole reconciliation must be undone as a single process.
After Making Changes
Once the necessary corrections have been completed, you can reconcile the account again.
For step-by-step instructions, see:
Tips
- Check the reconciliation date carefully before undoing it.
- Make a note of any differences or corrections required before reversing the reconciliation.
- Only undo a reconciliation when necessary, as all transactions included in that reconciliation will need to be reviewed again.
- Reconcile the account immediately after making corrections to ensure your records remain accurate.