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R
reneedj1
January 12, 2024
Question

Widget/Card of bank

  • January 12, 2024
  • 1 reply
  • 0 views

on bank transaction page the banner(widget/card)  with the balance brought over from the bank is higher than the actual amount in the bank and nothing has been left out. Any way to adjust so that the top and bottom figure in the banner matches without messing up the bank rec?  In other words - the bank is perfectly reconciled.  The amount on the bottom of the widget/card is correct.

And the amount difference in the card/widget does not equal the outstanding checks. As there are none.

So I can't stand to see the amount differences on the banner (widget since it should be the same - just like the credit card is the same)  I download the transactions rather than being connected.

Good for you if you can solve this one!!

1 reply

A
AileneA
January 13, 2024

Hello, reneedj1. I'm here to share some insights about bank balances and QuickBooks balances in QuickBooks Online (QBO).  

 

The bank balance and QuickBooks balance are two different things. The bank balance represents the actual balance of your bank account from the last bank feed update. On the other hand, the QuickBooks balance is the total balance of all bank transactions that have been added or matched to QuickBooks. This means it includes all transactions, whether they have cleared the bank or not. For example, if you have created a bill payment in QuickBooks, it will be included in the QuickBooks balance even if it hasn't cleared the bank yet. Keeping track of both balances is important to ensure that your financial records are accurate and up-to-date.

  

 

 

It's important to reconcile your bank account in QuickBooks regularly to ensure that the QuickBooks balance matches the bank balance. This will help you identify any discrepancies or errors in your financial records. By keeping track of both balances, you can ensure that your financial records are accurate and up-to-date.

 

I've also included an article that will help you manage your downloaded bank transactions in QuickBooks Online:

 

 

For future reference, you may find helpful articles on managing your accounts effectively on our Bank feeds page. 

 

You can always find me here if you have any other concerns or questions about online banking. Stay safe, and have a great day!

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