I appreciate you for sharing your concerns here in the Community, office. Allow me to share details about the bank balances topic within QuickBooks Online.
The balance in QuickBooks reflects all transactions recorded in the register, including those pending review. In contrast, the bank balance is defined only by the transactions entered in the register. Therefore, the bank balance of €1,525.12 in QuickBooks represents the current amount of cash held in your business's bank account(s) that is recorded in your QuickBooks accounting system.
The key point is that cash and cash equivalents represent the most liquid assets your business has available to pay short-term obligations and fund daily operations. Tracking this information in QuickBooks helps you manage your company's cash flow and liquidity.
Furthermore, you may need to add or manage your Chart of Accounts, refer to this page:
Feel free to reach out if you have any more questions about managing your expenses in QBO. We're here to help whenever you need assistance. Stay safe!
