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 its status.
You cannot delete bank transfers or deposits. To correct these, reverse the transfer or deposit first, then enter a new one. Read more Transfer money between bank accounts
How this works
When you delete a bank transaction, we remove the transaction from your bank account and update the bank balance.
Cleared transactions
We add a cleared check mark to all transactions imported from a bank feed or bank statement.
This tells you that the transaction in Sage 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
Reconciled transactions
If the transaction has been reconciled (included on a finished bank reconciliation),
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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.
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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.
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We do not update the Reconciled Balance.
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The closing balance from your last statement was $200.
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You enter a payment for $100, and reconcile it. The reconciled balance is now $300.
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After finishing the bank reconciliation, you realise that you entered the payment twice.
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You go to the bank activity and delete the duplicate transaction. Your bank balance is now $200.
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When you check the finished reconciliation, the $100 shows with a line through to indicate that it's deleted. The closing balance is remains $300.
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When you start your next bank reconciliation, the Starting Balance is shows $200 and matches your bank statement.
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You reconcile as usual.
Voided checks
When you void a check ,
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It remains listed in the Cheque Register, but marked as voided.
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We reverse the original transaction. The reference of the reversed transaction has the same cheque number followed by a 'V'.
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Both transactions show in your bank reconciliation and cancel each other out. Simply reconcile both of them to make sure your bank reconciliation is accurate.
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If you have already reconciled the check, the reverse transaction shows the next time you reconcile. As the original check was not removed, it is still included in the Starting Balance. Just make sure you reconcile the voided check.
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The vendor bill will revert to being unpaid. If you still want to pay this bill, just enter a new payment.
Delete a bank transaction
- From Banking, select the relevant bank account.
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From the Activity tab, select the tick box to the left the transactions you want to delete.
A toolbar now appears above the list.
- From the toolbar, select the Delete
button.