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December 30, 2021
Question

Trial Balance and Account Balance don't match

  • December 30, 2021
  • 1 reply
  • 0 views

Hello,

 

My trial balance and account balance do not match. My trial balance ($1123) is less than my account balance (2273). I am not sure what went wrong. All of the transactions were recorded. Is it the trial or account balance that is needing to be corrected and adjusted?

1 reply

December 30, 2021

`Hi there  jcueto,

 

It's vital that your transactions be entered correctly so that your books balance well. QuickBooks Online is a great tool able to help keep track of your expenses, sales and other transactions in order to provide you with a view of your company financials. I can point you in the right direction for assistance in maintaining your books.

 

In order to know the difference between two reports, you'd need to do an analysis to view which transactions appear on one transaction that doesn't appear on the other. This may be caused by the date range of the report as well as how the transactions were entered. For assistance in analyzing these transactions, I recommend reaching out to your accountant or bookkeeper. They'll be able to view your transactions with you in order to make sure that they are all set up correctly. You can add your accountant to your account for them to see your books by going to the My Accountant tab. You can also find one with experience using QuickBooks by clicking on the Find a pro to help option in that section.

 

If you have any other questions feel free to reach out here.