How do I get my balance in quickbooks to equal my actual account balance in my bank account ?

There are several reasons why QuickBooks and your actual bank balance don't match, mdixon2. I'll be pleased to lay it here to resolve what's causing this discrepancy.

Please know that QuickBooks balance is affected by the transactions you've entered and added to the register. Meanwhile, the bank balance is dependent on the information provided by your bank.

Since there has been a higher difference between your balances, let's determine its root cause so you can make all the necessary adjustments based on them. You'll want to refer to these factors that can affect the amount within your account:

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

Additionally, if you have unreviewed entries, categorize them and match them accordingly. This also ensures that your recorded financial dealings align with your real-life statements.

Moreover, note that each financial institution has different time intervals when transmitting your transactions to QuickBooks. Hence, there are instances that your balances will not match due to timing differences.

On the other hand, if you notice that your beginning balance is incorrect for the next reconciliation, you'll want to scan this article for guidance: Fix issues for accounts you've reconciled in the past in QuickBooks Online.

Furthermore, you might want to browse this material if you want a summary of your past reconciliation: How do I view, print, or export a reconciliation report?

Kindly utilize the Reply button below if you require additional help when dealing with your balances in QuickBooks Online. We're always here to offer guidance when the need arises.

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