How to re-reconcile an account after deleting a transaction from a previously reconciled account in Quicken 2002
There was a transaction that was added to the account by mistake, and we had reconciled the account (the reconciliation was done 1 year ago). We deletedt that transaction, however, now we are unable to reconcile the account without getting a negative number/discrepency. Quicken said that it can fix by adding the transaction back in, but that's exactly what we don't want to happen...please help,.
Computers & Internet - Intuit - Quicken 2002 Deluxe (78588)
Answers & Comments
You can't delete a transaction is your program .
Add the transaction back in and then add an opposite transaction to reverse it .
EG
Pay fred blogs for whatever from account XYZ = Debit Fred Blogs in Payment transaction
receive credit from fred blogs to account XYZ = Credit from Fred Blogs in Received Payments to account XYZ - comments paid in error credited back
This accounting practice is done by many companies when a mistake is made to reserve the mistake .