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Bank balance (available funds) differs from QB balance on same date. QB shows several thousand less which makes bill paying hard.
I have a lot of unreconciled amounts from past years. Probably entry errors.
I would like QB balance to more closely match bank balance on same date.
Thank you
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It's my pleasure to clarify things out for you, @dobeluvr.
Your bank's balance may not match with QuickBooks due to several factors. Let's check to verify and fix them accordingly.
Please check this article to find out the recommended fix for the mentioned reasons: How to Fix Differences Between QuickBooks Balance and Bank Balance.
Once everything's okay, you can already reconcile your account.
I’m always here to assist you if you have other concerns. I’m just a post away. Stay safe always.
It's my pleasure to clarify things out for you, @dobeluvr.
Your bank's balance may not match with QuickBooks due to several factors. Let's check to verify and fix them accordingly.
Please check this article to find out the recommended fix for the mentioned reasons: How to Fix Differences Between QuickBooks Balance and Bank Balance.
Once everything's okay, you can already reconcile your account.
I’m always here to assist you if you have other concerns. I’m just a post away. Stay safe always.
Thank you. I will review the document you provided. One thing I forgot to say is that my QB reconciles perfectly every month. Just that my ending balance is way off compared to same date on bank statement. I'll let you know how the recommended "fix" works out.
I did consider those items and after adding up pending payments, etc. balance is still off by more than $1000. Is it safe to REMOVE "unreconciled" entries from past years through perhaps 2019? Or, are those not a factor?
Thank you.
P.S. I feel like I should hire a QB Certified advisor to connect remotely and review my situation and perhaps help me move from QB Pro 2015 to Quicken since I no longer have a business use thus I only use QB Pro as my "checkbook."
I did consider those items and after adding up pending payments, etc. balance is still off by more than $1000. Is it safe to REMOVE "unreconciled" entries from past years through perhaps 2019? Or, are those not a factor?
Thank you.
P.S. I feel like I should hire a QB Certified advisor to connect remotely and review my situation and perhaps help me move from QB Pro 2015 to Quicken since I no longer have a business use thus I only use QB Pro as my "checkbook."
Thanks for following up with the Community, dobeluvr.
If transactions aren't reconciled, deleting them won't change your reconciliation balance. It's often suggested to void a entry, instead of removing it entirely. Doing so keeps a record of the transaction data with a zero amount.
Since removing records can impact financial reporting, I'd recommend working with an accounting professional to confirm if you should delete/void your unreconciled entries.
If you're in need of one, there's an awesome tool on our website called Find an Accountant. Each ProAdvisor listed there is QuickBooks-certified and able to provide helpful insights to drive your business's success.
Here's how it works:
Once you've found an accounting professional, they can be reached through their Send a message form:
You can also find many detailed resources about using QuickBooks in our help article archives.
I'll be here to assist if there's any additional questions. Have a wonderful day!
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