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Steven_ZA
Nov 5, 2022 9:50 AM UTC
Solved

Balance sheet balance is different to Chart of Accounts balance

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?

Steven_ZAAnswer
Nov 5, 2022 12:54 PM UTC

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

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2 replies

Steven_ZAAuthorAnswer
Nov 5, 2022 12:54 PM UTC

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
Nov 5, 2022 1:10 PM UTC

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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