Why do I have a difference in the KZT bank account balance

Let me explain why you have a difference in your KZT bank balance, Userespir.

The Bank balance is the actual balance of your account from the last bank feed update, while the QuickBooks balance that is showing beside the KZT bank balance is the sum of all bank transactions you've added or matched. In the normal process, these two should match.

If they don't, there are several factors why this is happening. These are due to the following:

• Outstanding transactions.
• Card (liability) account.
• Edited or deleted transactions.
• Duplicate transactions.
• New transactions for a connected account.

Ensure to categorize and match all your downloaded transactions and make all the necessary corrections to your entries. You can use your bank statement as a reference when performing these processes. For more details, check out this article: Categorize Online Bank Transactions in QuickBooks Online.

Furthermore, learn how to match your bank and credit card statements so you'll correctly reconcile your accounts. I've added this article for more information: Reconcile An Account in QuickBooks Online.

Post your comment if you have any questions about your bank balance. We're always here to help you.