Thanks for checking in with us, HOA-Treasurer.

Yes, you can delete the deposit and clear the associated payments. However, when deleting a reconciled deposit, it'll cause a great impact on your account. It'll surely become out of balance. Your transactions for a specific month won't be intact and will show that they aren't matched with your bank statement. In this case, it would be best to consult your accountant before doing this one. This is to make sure your books are accurate and monitor your deposits accordingly. 

If your accountant recommended you do it, you'll have to open your account register and perform the process from there. To remove the payment from the deposit, just follow the steps below: 

1. Select the Gear icon in the right corner. 
2. Under Your Company, choose Chart of Accounts. 
3. Find the deposit account, and in the Action column, click View register. 
4. Locate the deposit amount and whether it has a letter "R" in the Reconcile box. 
5. Go to the deposit, then Edit. This will give you the list of sales receipts and payments connected to the deposit. 
6. Remove the checkmark from the incorrect payment or sales receipt. This will remove the transactions from the deposit. 
7. Pick Save & Close, then Yes confirm your changes. 

Then, follow the steps below on how to delete reconciled deposits in QuickBooks Online (QBO): 

1. Go to the Accounting menu.
2. Select Chart of Accounts.
3. Find the account then, click View register under the Action column.
4. Click the reconciled deposit to open its details.
5. Select the Delete button.
6. Click Yes to confirm.

You can make sure your financial data are accurate by pulling up the Reconciliation report. This will also let you access your individual reconciliation reports and check their accuracy. Just go to the For my accountant section from the Report menu's Standard tab. You might want to read the Reconcile an account in QuickBooks Online article that serves as your guide in reconciling your accounts effectively.

Feel free to visit our Banking page for more insight s about managing your bank feeds transactions. 

I'd like to know how you get on after trying the steps as I want to ensure this is resolved for you. Just reply to this post and I'll get back to you. Take care always.