- 'Bank Balance' and 'In Quickbooks' show different amounts, why?- All transactions are in Quickbooks, and if I sum all transactions, I get exactly the 'Bank Balance'.

Hi there! I'm here to assist you with clearing up any questions you may have about your balances, Lara.

When connecting your bank account to QuickBooks Online (QBO), your downloaded transactions impact your Bank Balance. On the other hand, categorized transactions and the ones you've manually entered into QBO affect the In QuickBooks balance. Moreover, the QuickBooks balance is affected by all your transactions in the register and the ones you haven't reviewed yet. While the bank balance is solely determined based on the transactions on the register.

These are also 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

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

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.