Making adjustments to your closed book will mess up your reports. You can create a journal entry to reverse the transaction so it will remove for this year’s reconciliation.

 

Also, I’d recommend reaching out to your accountant to help you correct the prior year transaction accounting.

 

You can refer to […]

Resolution for 'closed book adjustments issue: 'I see uncleared transactions from the previous periods in reconciliation. Can I delete uncleared transactions from previous periods in QBO without creating a problem?' available: Yes.

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