Credit Card Reconcilation

Question

Hello, I have credit card entries in 4-7-5 (Reconcile Credit Card Statements) from a few months ago that have been reconciled and still displaying as an open entry. I did talk with tech support a while back on the 2014 entries and had a "linking" issue which has been fixed. My question is if I verified/check off the past cleared entries, will it cause any accounting issues? I also inherited some entries from previous years that I can't find any back up but do not want to void, any suggestions how to clear those out of the 4-7-5 screen again without causing an accounting issue? Thank you.

Char DeLange · Answer

Clearing transactions in the credit card reconciliation window will not affect your accounting but it does affect the ending statement balance. So does the screen ending balance reconcile to the physical statement? 
 If it does than you will need to contact tech support because clearing them will change that balance. 
 I always recommend printing the reconciled statement to put with the physical statement for auditing purposes. Same holds true for bank recs 
 As for voiding prior activity that will definitely have an affect on accounting. 
 So if you truly want to reverse these (you can void prior years transactions unless the gl is still active) then simply post aan opposite transaction in the current year and then clear them both.

Char DeLange · Answer

I meant to type you cannot void from prior year. Sorry about that. It's really hard to answer these on a phone

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