There is a huge discrepancy between whats showing up on QuickBooks and what the bank balance is - any idea why this might be occurring?

Hello, craig.

Thank you for sharing your concern in the Community. I'd like to share some insights about bank feeds.

From a business perspective, the bank and QuickBooks balance need to match when performing reconciliation.

You also need to check why they don't match to fix them.

Here is some reason why balances do not match:
 

• Outstanding transactions
• New transactions for a connected account
• Duplicate transactions
• Edited or deleted transactions
• Credit card (liability) account
   

Once verified the discrepancy, you may check this article that can help you how to fix the differences between QuickBooks balance and Bank balance.

Let me know if you need further help with your bank and company balance. I'm always here to help. Have a wonderful day!