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February 9, 2021
Question

In my Dashboard "Bank Accounts" it shows two categories, one marked "Bank balance" and the other marked, "In QuickBooks," please explain the difference, thank you :)

  • February 9, 2021
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February 9, 2021

QuickBooks Online displays two balances for each QuickBooks account to include checking, savings, credit cards, etc. When logging in the dashboard will display a bank balance and a QuickBooks balance.

The bank balance is the actual balance typically reconciled form bank statements while the QuickBooks balance (shown as “In QuickBooks”) is the balance shown in the register. It is quite common for these two balances to not match.

 

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