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Steven_ZA
November 5, 2022
Solved

Balance sheet balance is different to Chart of Accounts balance

  • November 5, 2022
  • 2 replies
  • 0 views

Can someone assist in how to fix the following: The Chart of Accounts balance is correct for a bank account, but when I pull the Balance Sheet and drill down into the bank account, it's using a completely different balance. How do I fix this?

Best answer by Steven_ZA

I eventually found the issue. There were some earlier transactions in the Charts of Accounts before the balance which impacted it.

2 replies

Steven_ZAAuthorAnswer
November 5, 2022

I eventually found the issue. There were some earlier transactions in the Charts of Accounts before the balance which impacted it.

DivinaMercy_N
DivinaMercy_N
November 5, 2022

Hi there, @Steven_ZA. 

 

It is good to know that you've found out the reason of the discrepancy in the Balance Sheet report and Chart of Accounts. For reference in managing the report, feel free to visit this article: What is a Balance Sheet report in QuickBooks Online?.

 

If you have any other QuickBooks concerns, please don't hesitate to post again here. I'm always here ready to lend a hand. Have a good day ahead. 

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