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raza1
Level 1

Even after reconcile process though quickbooks says the difference is zero for a bank account, it still shows a difference between Bank Balance & In quickbooks?

 
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Best answer January 01, 2020

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Rustler
Level 15

Even after reconcile process though quickbooks says the difference is zero for a bank account, it still shows a difference between Bank Balance & In quickbooks?

a reconcile just verifies that the checks that have been presented to the bank and those in QB match

any checks and deposits not on the statement will of course change the current balance

View solution in original post

3 Comments 3
Rustler
Level 15

Even after reconcile process though quickbooks says the difference is zero for a bank account, it still shows a difference between Bank Balance & In quickbooks?

a reconcile just verifies that the checks that have been presented to the bank and those in QB match

any checks and deposits not on the statement will of course change the current balance

View solution in original post

raza1
Level 1

Even after reconcile process though quickbooks says the difference is zero for a bank account, it still shows a difference between Bank Balance & In quickbooks?

I had to go to each transaction and put it under "Interest Income" head of account instead of the Bank Account account. and then after that I did the reconcile process again and it now the dashboard display is the same.

Kristine Mae
QuickBooks Team

Even after reconcile process though quickbooks says the difference is zero for a bank account, it still shows a difference between Bank Balance & In quickbooks?

It looks like you've changed the categorization of your transactions, Raza1. I'd like to ease your confusion.

 

Changing the transaction's categorization will not affect the figure on the dashboard. Unless you've transferred them from one bank account to another. 

 

I'll include the article about reconciliation process in QuickBooks Online to guide you better.

 

If you have additional questions, don't hesitate to get back to this thread. 

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