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November 25, 2021
Question

Whats the best way to find the cause of imbalance between bank and quickbooks balance?

  • November 25, 2021
  • 1 reply
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We have quite a sizable difference in Quickbooks and bank balance, whats the best way to find the cause of this imbalance?

1 reply

November 25, 2021

I'll be happy to help, @megan53! I want to ensure you find the cause of your bank account imbalance.

 

Let's manually compare your bank transactions so we can identify why your bank balance doesn't match. But first, here are some of the reasons that your bank balances don't match:

 

  • Transactions are not yet posted or cleared in your bank account and they're not included in your bank statement
  • Transactions in your bank register have been reconciled incorrectly
  • Duplicate transactions can be caused by adding instead of matching them

 

To fix this, let's open your bank register and compare all your transactions that fall under the date of your bank statement. To do so:

  1. Go to Banking.
  2. Under Bank and Credit Cards, select your bank account.
  3. Click Go to Register.

 

Here's an article you can read to learn more about how you can review your transactions in your register: Find, review, and edit transactions in account registers.

 

I've also included our Banking articles in case you need some ideas about how you can manage your bank account and transactions.

 

Should you need any additional assistance while managing your online banking transactions,@megan53, please let me know and leave a comment below. I'll be sure to get back to you.