How can I add an adjusting entry to balance my QB bank balance to the bank balance per the bank?

If your account is unbalanced after reconciling your account, a message will appear providing an Add Adjusting Entry link, @sarj0531. Nonetheless, it's important to review and match your bank balance before adding a journal entry. Let me explain further below.

Adjusting entries is powerful. You have to make sure the amount is small and an error. Adjusting entries should be a last resort, as making them for discrepancies can cause accounting issues.

In QBO, the Bank Balance reflects the actual balance of your bank account based on the most recent bank feed update. In contrast, the QuickBooks balance is the total of all bank transactions you have added or matched.

Here are some common reasons why your bank register balance in QuickBooks Online doesn't match your actual bank balance:

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

To resolve this issue, I recommend categorizing and matching your downloaded transactions according to your bank statement to identify the cause of the discrepancy.

It's also advisable to reconcile your account monthly, as bank balances can change when new transactions are updated.

Additionally, consulting with a qualified accounting professional or reaching out to QuickBooks Live Expert Bookkeeping services can be beneficial. They can review your entries to ensure the accuracy of your financial records.

When you reconcile an account, you compare transactions in QuickBooks with the same ones on your bank statements. You can refer to this article when reconciling QBO doesn't match your bank statement at the end of a reconciliation: Fix issues at the end of a reconciliation in QuickBooks Online.

Should you have more questions or need further assistance balancing your bank transactions in QuickBooks, feel free to ask. We are here to support you as soon as possible.