Step 1. Click on the Transactions > Previous Reconciliations menu option 

Step 2. Pick Either:

• Click on the drop down arrow to select the bank you were trying to reconcile from the drop-down menu, OR
• Click on a reconciliation and then click on the View Details button. 

• There should not be a reconciliation difference. If there is a difference click on the Close button.

Step 3. Deleting Reconciliation 

• Starting at the bottom of the list (most recent), delete each Reconciliation by highlighting the reconciliation then clicking the Delete button.

• Click Yes to the following Confirm message:

• Click No to the following confirm message:

• Click on the down arrow and select the previous financial year

• Click on the Reconcile toolbar option
• Select the correct bank
• Make a note of the list of Payments and Receipts remaining unreconciled in the list
• Make a note of the Reconciled Balance, this should be highlighted yellow
• Click on the down arrow and select the current financial year
  

• Click on Setup > Opening Balances > Bank Accounts menu options
• Make sure the Opening Bank Statement Balances in current year is the same as the previous financial years Reconciled Balance. Opening Bank Statement Balance should match your physical bank statement - if it is incorrect, you can retype it 
• Make sure that the - Outstanding payments and + Outstanding receipts listed are the same as those listed as still unreconciled in the previous financial year

Step 4. Record all the reconciliations again

Note: If you wish to remove outstanding payments and receipts - these need to be reversed out using the same account code used in the original transaction.

Click on the following PS Knowledge Base link: How do I clear outstanding transactions from previous years