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[IT & Technology] How to fix differences between QuickBooks Balance and Bank Balance

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Post time 7-10-2019 11:40 AM | Show all posts |Read mode
Edited by kirramax735 at 7-10-2019 11:43 AM

The When the users encounterdifferences between QuickBooks balance and bank balance, some immediate stepsare to be taken. These steps are as mentioned below:
  • users have to check if there are anyoutstanding transactions.
  • It must also be checked if there areany new transactions for the connected account.
  • It must also be ensured that thereare no duplicate transactions.
  • When the users have deleted or editeda transaction, it could lead to this issue.
If the users are unable to resolvethis issue using the given steps, then they have the option of connecting withtrained professionals using QuickBooks Support Number. These executives ensure that the issue has been resolved atthe earliest and that the balances match.
Read more: How to fix differences between QuickBooks Balance and Bank Balance
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Post time 19-5-2020 06:35 PM | Show all posts
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.

To fix the issues you can refer to Intuit Knowledge base where you can get bunch of solutions.
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