Using this thought, we had a person previously managing our Quickbooks (we are a small HOA - so not actual accountants) and he incorrectly logged deposits AND received payments, resulting in a mismatch in our Quickbooks register and our back account. If I want to solve this - I can go into the incorrectly logged deposits, clear them, delete them, then clear the correctly associated payments? Is that correct? I want to avoid having to go through and reconcile statements from 3-4 years ago if at all possible and it seems like this would be a simple way to remove the incorrect transaction and clear the correct transaction.
Thank you!
