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November 9, 2023
Question

Why is there a discrepancy between the bank balance and what is in quickbooks currently

  • November 9, 2023
  • 1 reply
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1 reply

November 9, 2023

I've got the details you need about the discrepancy between your bank and QuickBooks balances, user92768.

 

These are the factors that affect the balance of your bank accounts:

 

  • Outstanding transactions
  • New transactions for a connected account
  • Duplicate transactions
  • Edited or deleted transactions
  • Credit card (liability) account

 

On the other hand, manually entered transactions in QBO affect the In-QuickBooks balance. 

 

Let's categorise and match your downloaded transactions based on your bank statement to ensure they're equal and fix the issue you're experiencing.

 

You'll want to review your accounts within the program and ensure they match your bank and credit card statements. Refer to this article: Reconcile an account in QuickBooks Online.

 

If you still want to speak with one of our live support agents, you can visit this website: QuickBooks Support.

 

I'll promptly respond if you have further concerns about handling balances within the program. Click the Reply button below, and I'm ready to assist you.