Resetting Reconciliations

Q1. How can I reset reconciliations? What happens to the corresponding business transaction records? Will it impact my financial reports?

• The corresponding business transaction records previously used for matching will be unmatched.

• There will be no further impact on your financial reports. However, previously created transactions such as journal entries used for adjustments will remain recorded.

• You can reset the reconciled statement lines individually using the 3-dot menu or you can bulk reset by multi-selecting desired records.

Q2. What are the different reset reconciliation options?

• There are three different reset options:

  • Reset: resets the reconciliation without deleting any reconciled entries. The bank record returns to Unreconciled.

  • Delete Bank Records: resets the reconciliation and deletes the bank record.

    • Note: you can undelete bank records.

  • Delete Cashflows: resets the reconciliation and deletes the cashflows. The bank record returns to Unreconciled.

Q3. Are there any other triggers to reset reconciliation apart from manually resetting the statement lines?

• Yes, there are a couple of ways you can reset reconciliations -

  • Updating the net payment amount of the payment record used for reconciliation

  • Updating the payment account of the payment record used for reconciliation

  • Updating the debit/credit amount of the payment account of the journal entry used for reconciliation

  • Updating the payment account in the journal entry used for reconciliation