QB Issue Resolution:

Thanks for posting in the Community, @LisaMarie2. I’m here to provide clarification on deleting transactions.

 

It’s often suggested to void a transaction, instead of deleting it, since this will keep a record of the transaction, but have a zero amount. This is in contrast to deleting it which will completely remove the transaction.

 

Since these transactions aren’t reconciled, voiding/deleting them won’t change the reconciled balance. So you won’t have to worry about that impacting your reconciles or causing any harm.

 

Naturally, removing transactions will impact financial reporting, such as deleting/voiding an expense will reduce the spent amount for the account. However, ensuring that the correct transactions are included in a company file will help to ensure accurate books and reporting.

 

I recommend the following article for further insight into this and the steps for deleting/voiding a transaction: How to void or delete an invoice or other transactions.

 

This resource should get you started in the right direction.

If you have questions or need me, I’m just a few clicks away. Hope you have a great week.

Resolution for Issue 'Is there any harm in deleting or editing manually entered transactions that have NOT been CLEARED or RECONCILED? They are from last year & even though I already reconciled for those time periods, these individual transactions were not included as part of the reconciliation. They were data entry errors on my part. Example #1: I manually entered an expense/check for the wrong amount. I later accepted it as a new transaction from my bank feed (since there was no match) so the manually entered transaction with the incorrect amount remains outstanding. Example #2: I accidentally entered a cash expense against my checking account. Is it ok to modify the transaction & change the account to CASH? Again, this transaction is several months old. Thanks for your help!' available: Yes (Solved).
Source: Intuit Community forum.

Is there any harm in deleting or editing manually entered transactions that have NOT been CLEARED or RECONCILED? They are from last year & even though I already reconciled for those time periods, these individual transactions were not included as part of the reconciliation. They were data entry errors on my part. Example #1: I manually entered an expense/check for the wrong amount. I later accepted it as a new transaction from my bank feed (since there was no match) so the manually entered transaction with the incorrect amount remains outstanding. Example #2: I accidentally entered a cash expense against my checking account. Is it ok to modify the transaction & change the account to CASH? Again, this transaction is several months old. Thanks for your help!: 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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