Hi,

I have a new client who uses QBO.  I am trying to clear old unreconciled transactions in their bank register.  The items are from 2015-2017.  

Most if, not all, of the unreconciled transactions are ones which were not "matched" properly.  Ideally I would match each transaction to its duplicate that was reconciled. The problem is doing so would throw off those years' Balance Sheet and P&L.  Yes, they might be more accurate, but the business was new and the dollar difference is not significant enough to want to take that route.

I saw one answer to a similar post that recommended a "mid-cycle" reconciliation and adjusting entry to clear those sorts of uncleared transactions.  Can you expand on that concept?  I'd like to leave a clear and clean audit trail.

Thank you.