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Level 1

There's a HUGE difference between my bank balance and my Quick Books balance that happened during February & i can't figure it out. Also i reconciled perfectly.

 
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QuickBooks Team
QuickBooks Team

There's a HUGE difference between my bank balance and my Quick Books balance that happened during February & i can't figure it out. Also i reconciled perfectly.

Let me provide some information about why your bank balance is not matching your QuickBooks Online (QBO) balance, jeff-mattingly.

 

There are several factors may cause the balances to vary between your bank account and QBO. Among these are the following reasons below:

  • There are some outstanding transactions left
  • You have made new transactions for a connected account
  • There are duplicate transactions
  • The transactions where either edited or deleted
  • Credit card (liability) account

To resolve this balance difference, you can check this article for the recommended troubleshooting steps: Fix beginning balance issues if you've reconciled the account in the past QuickBooks Online.

 

For more details about reconciling your account, please refer to these articles:

I've got a link here that provides you with articles about managing your bank transactions: https://quickbooks.intuit.com/learn-support/en-us/banking/07?product=QuickBooks%20Online.

 

Keep me posted if you need a hand with importing your bank data or any QBO related. I'll be here to help. Wishing for your continued success. 

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