Adjust Bank Balance

Hello @randhir Jha,

Welcome aboard to the Community. I can provide some clarifications about the bank balance.

The balance of your accounts will depend on the opening balance and transactions you enter in the system. If the transactions are accurate, but the balance is still incorrect, I suggest checking the opening balance.

It's possible that the amount you've entered during the set up isn't accurate. Here's how to edit:

1. Click the Gear icon, then select Chart of Accounts.
2. Locate the account, then go to the Action column and select Account history or View register. 
3. Find the opening balance entry. Tip: If you've got the Date column sorted from newest to oldest, the opening balance entry may be at the end of the list.
4. Select the opening balance entry.
5. Edit the amount. Tip: If you're not able to edit the amount directly on this screen, in some cases you can edit by selecting the Edit ✎ icon.
6. Select Save. 

In case you encounter issues the first time you reconcile an account, please follow the detailed instructions in this article: Fix beginning balance issues during your first reconciliation in QuickBooks Online.

Additionally, here are some helpful references that you can check out about the account balance, like how to fix discrepancies:

• What's an opening balance?

• About beginning balance discrepancies

• Edit an incorrect opening balance

I appreciate you for taking the time to visit us here today, and I look forward to your response.