Hello there,
Yes, you're correct. It will affect your reconciliation. You can follow these steps to resolve the reconciliation discrepancies you may encounter after you backdate the deposit you received in 2022 to 2021:
First comes reviewing opening and beginning balance. If accurate, proceed to the ending balance you entered from your bank statement. Here's how:
- While reconciling an account, select Edit info from the Reconciliation window.
- Examine the Ending balance and date.
- Review your bank statements. Make changes as necessary.
- When finished, click Save.
If there's still a difference in QuickBooks, you'll want to merge multiple transactions into a single one.
If your bank combined many payments into a single record, you should do the same in QuickBooks. We sometimes enter transactions separately, which leads us to believe there is an error.
If you discover that you did not combine both payments in QuickBooks, place them in the Undeposited Funds account. Then, to combine them, make a Bank Deposit.
For more of the other fixes issues and detailed information, refer to this article: Fix issues at the end of a reconciliation in QuickBooks Online.
Since these are past transactions, I recommend consulting your accountant to ensure the accuracy of your books.
I've provided this resource to assist you with the things required to accomplish them: QuickBooks Online year-end guide and checklist.
For additional QuickBooks-related concerns, don't hesitate to post them here in the Community. We're always available and willing to lend a hand to your queries. Have a great day ahead.
