We can still reconcile these credit card accounts, NCIS0110. The process can be tedious, but it will allow us to correct the account setup.
First, let's categorize the remaining downloaded transactions in the Bank transactions page. Then, we'll need to disconnect the affected credit card accounts, along with the parent account, from the Online Banking. To do this, please refer to the instructions provided in this article: Disconnect accounts connected to online banking in QuickBooks Online.
Next, let's go to your Chart of Accounts and correct the account setup of your credit cards. Here's how:
- Go to the Chart of Accounts and look for the credit card account that we need to correct.
- Click the drop-down arrow next to View register, and select Edit.
- Mark the Make this a subaccount box.
- Enter the Parent account.
- Save the changes.
- Repeat the Steps 1-5 for the other credit card accounts.
After correcting the subaccounts setup, we can now reconnect them to your bank websites in the Bank transactions page. We only need to connect the subaccounts. Make sure the parent account is no longer connected to Online Banking. With this, we can assure that we are only downloading the transactions specific to the subaccounts. You can visit this article to know more about the setup: About bank or credit card subaccount setup.
When reconnecting your subaccounts, it will download 90-days worth of transactions. You can exclude those transactions that were already added to your register and continue categorizing the others.
Lastly, we can start reconciling the parent account using your statement.
Are you looking for ways to take your QuickBooks experience to the next level? I'm excited to share that you can connect with our QuickBooks Live Expert Assisted team. They are here to help you manage your transactions and ensure the data integrity of your account. Let us support you on your journey to financial success.
Moreover, closing your books will complete the accounting process. We can already start a balanced data for the upcoming months.
Feel free to reach out if you need further help with managing your bank accounts and transactions in QuickBooks Online.
