How to fix differences between QuickBooks Balance and Bank Balance

kirramax735

The When the users encounterdifferences between QuickBooks balance and bank balance, some immediate stepsare to be taken. These steps are as mentioned below:

• users have to check if there are anyoutstanding transactions.
• It must also be checked if there areany new transactions for the connected account.
• It must also be ensured that thereare no duplicate transactions.
• When the users have deleted or editeda transaction, it could lead to this issue.
  

If the users are unable to resolvethis issue using the given steps, then they have the option of connecting withtrained professionals using QuickBooks Support Number. These executives ensure that the issue has been resolved atthe earliest and that the balances match.

Read more: How to fix differences between QuickBooks Balance and Bank Balance

Akshay_M

The QuickBooks balance is the total balance of all bank transactions that you’ve added or matched to QuickBooks. While the bank balance is your bank's actual balance from the last bank feed update. If the Bank balance is greater than your QuickBooks balance, there might be bank transactions that are causing the difference. Here’s a list of possible reasons why these balances don’t match:

Outstanding transactions.
New transactions for a connected account.
Duplicate transactions.
Edited or deleted transactions.
Card (liability) account.

To fix the issues you can refer to Intuit Knowledge base where you can get bunch of solutions.

Akshay_M

The QuickBooks balance is affected by all your transactions in the register and the ones you haven't reviewed yet. While the bank balance is solely determined based on the transactions on the register.

petergroft

1. Click the "Banking" tab on the menu bar at the top of the page and select "Reconcile."

2. Click the "Modify" button at the bottom-right corner of the "Reconciliation" screen.

3. Click the arrow on the drop-down menu and choose the bank account you want to work with.

4. Refer to your bank statement and enter the correct balance in the "Ending Balance" field.

5. Click "Continue" to save the new balance.

Greetings,
Peter