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Anonymous
Not applicable

Why is my banking balance different to my in quick books balance on the banking screen but my bank rec is balanced already

 
Solved
Best answer November 15, 2020

Accepted Solutions
Catherine_B
QuickBooks Team

Why is my banking balance different to my in quick books balance on the banking screen but my bank rec is balanced already

Hi there, amy-cheese.

 

Once your bank account is connected, the system automatically creates an opening balance. The amount is based on the real-life bank account. Thus, it causes a difference between the balances in QuickBooks.

 

You can edit or delete the opening balance in your bank's register. Let me show you how:

 

  1. Go to the Accounting menu and select Chart of Accounts
  2. Locate the account, then click Account history under Action.
  3. Find the opening balance.
  4. You can either delete or edit it. When you choose to edit it, you can enter a zero amount to fix the opening balance.
  5. Click Save and close.

For more details in handling your balances in QuickBooks Online, you can check out these articles:

 

Let me know if you have other questions. I'm just around the corner to help. Take care!

View solution in original post

1 REPLY 1
Catherine_B
QuickBooks Team

Why is my banking balance different to my in quick books balance on the banking screen but my bank rec is balanced already

Hi there, amy-cheese.

 

Once your bank account is connected, the system automatically creates an opening balance. The amount is based on the real-life bank account. Thus, it causes a difference between the balances in QuickBooks.

 

You can edit or delete the opening balance in your bank's register. Let me show you how:

 

  1. Go to the Accounting menu and select Chart of Accounts
  2. Locate the account, then click Account history under Action.
  3. Find the opening balance.
  4. You can either delete or edit it. When you choose to edit it, you can enter a zero amount to fix the opening balance.
  5. Click Save and close.

For more details in handling your balances in QuickBooks Online, you can check out these articles:

 

Let me know if you have other questions. I'm just around the corner to help. Take care!

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