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January 1, 2022
Question

Doing my GST quarter on New Years eve of course. (had issues with bank update their website) I'm trying to find my real gross sales. The readings I get are way 2 high

  • January 1, 2022
  • 1 reply
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My accountant had a way but he is not available right now

1 reply

Jen_D
January 1, 2022

Hello @Daddycools,

 

We're here to accompany you this new year. I want to make sure you're able to rule out the balance difference in your QuickBooks account.

 

If you're referring to the register's balance in QuickBooks that is not matching with your bank statement, review and compare if there are duplicate transactions that are causing the overstated figures.

 

QuickBooks balance is composed of the transactions created or added in the program, while the bank statement is the total of transactions that were cleared in the bank. The key to a successful reconciliation is making sure the bank statement matches with the transactions in QuickBooks Online (QBO).

 

For now, if the bank website is available, you can open it and check your statement. Otherwise, you can wait for the bank services to resume after the holidays.

 

You can check out this article to learn more about sorting out the balance difference with QuickBooks and your bank: How to Fix Differences Between QuickBooks Balance and Bank Balance.

 

For your reference, here are some GST filing references:

 

 

Warmest wishes for a happy holiday season and a wonderful New Year from us in QuickBooks. Visit us anytime if you have other concerns with QuickBooks and GST processing.