We appreciate your diligence in reconciling your accounts and ensuring everything matches your bank statements, Vernon. The difference between your Bank Balance and the QuickBooks Balance is due to how they operate and update.
The Bank Balance reflects the actual amount currently available in your bank account. This figure, whether based on your latest bank statement or real-time data, only includes transactions that have cleared through your bank.
On the other hand, the QuickBooks Balance represents the total of all transactions recorded within QuickBooks for that account. It includes reconciled transactions, as well as any new or outstanding (unreconciled/uncleared) entries that you’ve added in QuickBooks but may not have cleared your bank yet. Since QuickBooks updates dynamically based on the transactions you enter, edit, or delete, this balance may differ from the one reported by your bank.
If you have further questions or need more assistance, you can reply to this thread, and the Community team is always here to support you.
