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Elmodea
Level 1

Banking Page: Bank Balance vs. In Quickbooks

We run QBOnline. When you go to the Banking screen, and you are looking at your operating checking account, I understand the Bank Balance number is what QB says is in our bank account from reading your bank balance that you have interfaced, but what is the "In Quickbooks" number, does that tie, in any way, to the bank balance?

 

One person told me that the "In Quickbooks" is what you "really" have in the bank after all the items entered in quickbooks are DEDUCTED (hypothetically) from your Bank Balance number, is that correct?  Thank you!

Solved
Best answer January 07, 2019

Best Answers
Anonymous
Not applicable

Banking Page: Bank Balance vs. In Quickbooks

Yes, your ending balance in your QB account register is a calculated balance that assumes all of the transactions in your register are real and will clear at some point.

View solution in original post

1 Comment
Anonymous
Not applicable

Banking Page: Bank Balance vs. In Quickbooks

Yes, your ending balance in your QB account register is a calculated balance that assumes all of the transactions in your register are real and will clear at some point.

View solution in original post

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