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November 14, 2020
Solved

Why is my banking balance different to my in quick books balance on the banking screen but my bank rec is balanced already

  • November 14, 2020
  • 1 reply
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Original commenter did not share additional details
Best answer by Catherine_B

Hi there, amy-cheese.

 

Once your bank account is connected, the system automatically creates an opening balance. The amount is based on the real-life bank account. Thus, it causes a difference between the balances in QuickBooks.

 

You can edit or delete the opening balance in your bank's register. Let me show you how:

 

  1. Go to the Accounting menu and select Chart of Accounts
  2. Locate the account, then click Account history under Action.
  3. Find the opening balance.
  4. You can either delete or edit it. When you choose to edit it, you can enter a zero amount to fix the opening balance.
  5. Click Save and close.

For more details in handling your balances in QuickBooks Online, you can check out these articles:

 

Let me know if you have other questions. I'm just around the corner to help. Take care!

1 reply

November 15, 2020

Hi there, amy-cheese.

 

Once your bank account is connected, the system automatically creates an opening balance. The amount is based on the real-life bank account. Thus, it causes a difference between the balances in QuickBooks.

 

You can edit or delete the opening balance in your bank's register. Let me show you how:

 

  1. Go to the Accounting menu and select Chart of Accounts
  2. Locate the account, then click Account history under Action.
  3. Find the opening balance.
  4. You can either delete or edit it. When you choose to edit it, you can enter a zero amount to fix the opening balance.
  5. Click Save and close.

For more details in handling your balances in QuickBooks Online, you can check out these articles:

 

Let me know if you have other questions. I'm just around the corner to help. Take care!