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September 16, 2024
Question

My business bank account (Tide) the balance doesn't match my Quickbooks balance. How do I add this?

  • September 16, 2024
  • 1 reply
  • 1 view
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1 reply

Level 13
September 16, 2024

Hello and welcome to the Community, Morag

 

The In QuickBooks balance is the opening balance plus any transactions that have been added or matched through the connected bank feed (or entered manually). 

 

You can use the reconciliation tool to correct the discrepancy between your In QuickBooks balance and actual bank balance. With this, you'll use your bank statement to compare each transaction with the ones entered into QuickBooks.

 

Before reconciling for the first time, be sure to check the opening balance. It needs to match the balance of your real-life bank account for the day you started tracking transactions in QuickBooks. You can find out more on this here.

 

Once you know that this is correct, you can begin reconciling. We've created a handy step-by-step guide with a video demo of the process. However, if you do need any further support, please do get back in touch!