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January 13, 2022
Question

Account Balance

  • January 13, 2022
  • 1 reply
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The account balance in QB differs from the bank balance.  The account has been reconciled and is correct.  When you look at the chart of accounts it shows one figure (incorrect balance) and the next column has a different (the correct) figure.  When I go to write a check out of the account, the account balance shown is the incorrect amount.

 

1 reply

Rustler
January 13, 2022

Reconciling an account means that the transactions that have cleared the bank, are also entered in QB.

The QB balance is the sum of all transactions listed in the account.

So if there are some transactions that have not cleared the bank, the balance will be different.