Hi GAL.
I found a similar post here on our community page. Basically it breaks down the differences between a Bank balance and the QBO balance.
The QuickBooks balance is the total balance of all bank transactions that you've added or matched to QuickBooks. The bank balance is from the last bank feed update. As far as affecting your Balance sheet, if the bank balance is higher than your QuickBooks balance, you may have a bank transaction that is causing a difference.
If you need help troubleshooting your balance sheet check out this link. It will help you with:
- Remove deleted items
- Correct balance
- Match your register
Those are just a few examples. If there's anything else I can assist you with. You can reach out here. Have a great evening.
