Hi all, would like to ask why the cash on hand in my balance sheet starts with a negative amount when the records are recorded as a deposit (linked to bank account)? Tks!

Let's check why the balance sheet starts with a negative balance, hello-bluefairya.

There's a possibility that the deposit isn't categorised correctly. To fix this, you need to check the category and make sure to select the right one.

Please refer to this link to learn how to review bank transactions: Categorise and match online bank transactions in QuickBooks Online.

In addition to this, you can browse these articles to learn more about the report: 

• What is a Balance Sheet report?
• Basic troubleshooting for balance sheets.
   

These articles will help you identify and resolve common Balance Sheet issues.

Let me know if you need additional information about the Balance Sheet report. Just leave a comment below, and I'll get back to you.