Skip to main content
M
Mp196920160
May 30, 2023
Question

unknown figure

  • May 30, 2023
  • 1 reply
  • 0 views

hi my qb balance is 40.92 higher than my bank figure.

 

 

i have gone through all transaction and compared to on chart of accounts and compared to my actual statements and everything matches.

 

 

i have done this twice, is there a way of finding out where this transaction is please

1 reply

A
Ashleigh1
May 30, 2023

Hello Mp196920160, thanks for posting on the Community page, In Quickbooks balance is the total of all transactions recorded to the bank account in QuickBooks Whilst bank balance is the actual bank balance pulled up through bank feed connection. 

 

Reasons why In QB balance is different from the bank balance is:

 

1 . Missing transactions that needs to be recorded

2. Duplicate transactions

3. No opening balance created for the bank account 

 

To fix the difference you will need to get a copy of your bank statement and compare it with the recorded transactions in the bank account inside QuickBooks. Compare the transactions in your actual bank statement and the transactions recorded in QBO and you should then find what is coursing the difference. 

 

There is no other way of being able to find out the difference. 

Terms & ConditionsAccessibility statement