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May 24, 2021
Question

My bank account balance is showing up on my Balance Sheet as a negative number. It is a positive number. How do I fix this? It pulls the number from my bank. Thanks!

  • May 24, 2021
  • 1 reply
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Original commenter did not share additional details

1 reply

LieraMarie_A
May 24, 2021

Hi, @farrahgauthier-g. Let me share some information why you're getting a negative bank balance.

 

A negative bank balance is usually a result of making payments or issuing checks that's larger than the amount of money in your account. I'd suggest checking its transaction report. This way, we can track all the transactions associated with your bank account.

 

Here's how:

  1. Go to the Reports menu.
  2. Open your Balance Sheet report.
  3. Modify the reporting period.
  4. Click the amount of the bank account that shows up as a negative number. It will pull up its transaction report.
  5. Click the small Gear icon.
  6. Select the Debit and Credit boxes.
  7. Click anywhere to refresh the page.

 

Review all the money-out transactions under the Credit column. You can also check out this article to see the complete list of available reports for your QuickBooks Online version: Reports.

 

Additionally, you can get more insights about the Chart of Accounts in this write-up: Learn about the chart of accounts.

 

I'm just around the corner if you need further assistance managing your banking transactions. Drop a comment below and I'll get back to you as soon as I can.

LieraMarie_A
May 25, 2021

Hi @farrahgauthier-g ,

Hope you’re doing great. I wanted to see how everything is going about tracking your transactions causing the negative amount. Was it successful? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.

Looking forward to your reply. Have a pleasant day ahead!

November 10, 2021

Yes I am not able to fix this issue.