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July 22, 2020
Question

Reconciling a Credit Card

  • July 22, 2020
  • 1 reply
  • 0 views

Hi, I'm new to bookkeeping and Quickbooks Online.

 

Please could someone explain what the difference is between a Credit Card Statement balance and a cleared balance when reconciling?

 

Many thanks,

Nicola

1 reply

July 22, 2020

Hello NicolaJP, Welcome to the Community 👋🥳, You're cleared balance is the balance that you have selected/ticked within the reconciling & opening balances. The statement balance is what you have told the system what is on your statement. Select the link to our Community page you may find useful tips on reconciling. Any questions don't hesitate to ask 😊