Hi How do I get rid of transactions that did not go through, that are aged and need to be deleted? A cheque I wrote from 2013 was not cashed and is still sitting in my bank reconciliation for 2016, I just want to delete it.
If it is from a previous fiscal year, then enter an adjusting entry rather than reversing the transaction. The adjusting entry would be to record a Deposit of the same amount and, if it was an expense, a negative amount to your expense account. If it was a Personal Draw, then a negative amount to your Personal Draw account.