Delete bank transactions
This explains how delete bank transactions that have been entered or imported in error. The process will vary depending on the type of transaction and it's status.
Delete reconciled bank transfers or deposits. Instead reverse the bank transfer or deposit to clear the value from the bank account. Read more Reverse a bank transfer or cash deposit
Delete payments and receipts with VAT that have been included on a VAT return and submitted to Revenue. Instead create a reverse transaction to clear the value from the bank account. ReadCorrect transactions included on a VAT return.
How this works
When you delete a bank transaction, we remove the transaction from your bank account and update the bank balance.
We add a cleared check mark to all transactions imported from a bank feed or bank statement.
This tells you that the transaction in Accounting is on your bank statement and reflected in your bank balance.
When you delete a cleared a transaction, we show you a message to remind you to check your bank statement. This is because when you reconcile your bank account, the transaction may be different to what's on your bank statement
If the transaction has been reconciled (included on a finished bank reconciliation),
We show it on your bank reconciliation with a Removed from reconciliation status in the Corrected Transaction column, to tell you it's now deleted.
We update the Starting Balance of your next bank reconciliation.
The Starting Balance is always the total value of all reconciled transactions, up to the statement date.
We leave deleted transactions out of this balance, updating the total every time you delete a reconciled transaction.
We do not update the Reconciled Balance.
The closing balance from your last statement was €200.
You enter a payment for £100, and reconcile it. The reconciled balance is now €300.
After finishing the bank reconciliation, you realise that you entered the payment twice.
You go to the bank activity and delete the duplicate transaction. Your bank balance is now €200.
When you check the finished reconciliation, the deleted €100 shows a Removed from reconciliation status in the Corrected Transaction column. The closing balance is remains €300.
When you start your next bank reconciliation, the Starting Balance is €200 and matches your bank statement.
You reconcile as usual.