How to fix QB cash balance that contains 2020 activites from 1st time bank upload. QB balance is way higher than bank.

Good day, userhgalyon.

Let's work together in identifying and resolving the difference in your QuickBooks balances.

The QuickBooks balance is the total balance of all bank transactions added or matched to QuickBooks. The bank balance, on the other hand, is your bank's actual balance from the last bank feed update. If these balances don't match, there might be bank transactions that are causing this.

Below are lists 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.

Depending on the factor that’s mentioned above, there are different steps to fix your issue. Here’s an article on the steps to fix or adjust these factors: How to Fix Differences Between QuickBooks Balance and Bank Balance.

You might need this article for the steps on how to matching and manage your downloaded transactions: Categorize and match online bank transactions in QuickBooks Online.

I'm also sharing this article below to give you more insights on what to do if transactions in case you encounter bank errors in QBO: Fix bank errors in QuickBooks Online.

Be sure to drop me a reply if you have additional questions. I'd be more than happy to help. Stay safe and have a good one.