I can share possible reasons why the QuickBooks balance doesn't match the bank balance on the Transaction page, Helen18.
The bank balance indicates the actual amount in your bank account based on the latest statement or real-time data from your bank. It includes all recent deposits, withdrawals, and fees that may not yet be reflected in QuickBooks.
The QuickBooks Balance shows the sum of all transactions for a specific account in QuickBooks. This balance updates whenever you add, change, or remove transactions.
In nature, the QuickBooks Balance shows a financial snapshot based on the transactions recorded in the software, whereas the bank balance shows the real-time status of your bank account.
To determine the discrepancy, it's important to compare the QuickBooks account with the bank statement regularly and make any necessary adjustments.
I'll share these resources to help you categorize your transactions accurately and reconcile your accounts to ensure your QuickBooks balance matches your bank:
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