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March 24, 2024
Question

How can I sort out the problem that there is more money showing in quickbooks than in the bank?

  • March 24, 2024
  • 1 reply
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I have looked at all the payments and invoices on our bank statement and there are no duplicate invoices or oustanding payments to be made.

1 reply

March 24, 2024

I'm here to share some pointers on why your QuickBooks (QB) balance is higher than in your bank, machaela.

 

The QB balance is the total balance of all bank transactions you've added or matched to QuickBooks, while the bank balance is your bank's actual balance from the last bank feed update. If the QB balance is higher than your bank balance, there might be bank transactions that are causing the difference, such as:

 

  • New transactions for a connected account.
  • Outstanding transactions.
  • Duplicate transactions.
  • Edited or deleted transactions.
  • Unreconciled in the register or reconciled in error.

 

We can sort this out by checking out the transactions added in QuickBooks and comparing them to your bank statement. For additional steps, I recommend following the instructions under Step 4 in this article:  Fix issues for accounts you've reconciled in the past in QuickBooks Online.

 

Furthermore, I'll share this reference to help you fix transactions you created by accident so it doesn't affect your account balances or reports: Void or delete transactions in QuickBooks Online.

 

Please add a reply below if you have other concerns about managing your bank balance and QB balance. I'm always here to help. Have a good one!