QB Issue Resolution:

Transactions that are entered are what increase and decrease account balances and values. Marking them Cleared is part of the Reconciliation process, which is how you use an “outside source of reference” (bank statement, credit card statement, loan statement, counting petty cash, etc) against which you will confirm or Verify if your entries and that Reference match to each to other for details and balance ending on a specified Date. Reconciliation is a Verification that the data already entered is Correct or not, or stuff is missing or extra entries exist. If you don’t reconcile, you have no proof that what is there is Correct. Reconciliation is a Verification Status; it doesn’t change the data, so it doesn’t change balances or values. It Proves you are Right and on track.

Resolution for Issue 'I would like to record checks and deposits for 2016. Will that affect my balance if I mark them cleared.' available: Yes (Solved).
Source: Intuit Community forum.

I would like to record checks and deposits for 2016. Will that affect my balance if I mark them cleared.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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