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Level 2

My bank balance is much higher than quickbooks balance. Why is that and how can I fix it?

Level 2

Hi bushy402, I'm here to share some pointers on how you c...

Hi bushy402,

I'm here to share some pointers on how you can resolve the difference on these balances.

The QuickBooks balance is the total balance of all bank transactions that you’ve added or matched to QuickBooks. While the bank balance is your bank's actual balance from the last bank feed update. If the Bank balance is greater than your QuickBooks balance, there might be bank transactions that are causing the difference. Here’s a list of possible reasons why these balances don’t match:

  • Outstanding transactions.
  • New transactions for a connected account.
  • Duplicate transactions.
  • Edited or deleted transactions.
  • Card (liability) account.

Depending on the factor that’s mentioned above, there are different steps to fix your issue. Here’s an article on the steps to fix or adjust these factors: How to Fix Differences Between QuickBooks Balance and Bank Balance.

If you have other questions, feel free to leave a comment below.

Level 1

Re: Hi bushy402, I'm here to share some pointers on how you c...

there is  often a time lag between the REPORTED bank balance shown in Quick books, and the transactions required to be matched in Quick books being fed through.


The banking screen showing all done  with a green tick is misleading.


that simply means that the bank transaction feeds have all been posted........... the ones lagging and as yet unseen require posting in due course to bring Quick books ban and real bank into alignment.


In reality if there is a constant flow of transactions  you are most unlikely to see the two accounts match !  in that case it is not an error,  just a timing issue.


if you go online and look at your bank account, through your EYES, not quick books EYES you will soon see the point.