Why does my bank account amount differ from "in Quickbooks" amount?

Hi there, @Bill V. 

I know how essential identifying variances is to uphold accurate financial records when there's a discrepancy between your bank balance and the QuickBooks balance. Let's work together to fix this and ensure the reliability and integrity of your financial data.

The QuickBooks balance is affected by all transactions viewed in the account register and the transactions you haven't reviewed and categorized yet. On the other hand, the bank balance is solely determined based on the transactions registered by your bank. If there's a big difference between the two, here are some possible causes to consider:

• Credit card (liability) account
• Duplicate transactions
• Edited or deleted transactions
• New transactions for a connected account
• Outstanding transactions

These can also affect the reporting of the Profit & Loss report. Thus, to fix this and ensure they're equal, I recommend categorizing and matching your downloaded transactions based on your bank statement. You can also make all necessary corrections, such as excluding duplicate transactions from your entries.

Moreover, I've also included this reference link with the necessary resources for working with bank feeds and reconciling accounts: Reconcile an account in QuickBooks Online.

Also, since you've recently converted from QuickBooks Desktop to QBO, you may notice some differences in your books when you switch. To help you understand these differences, I'm sharing a link that explains how features and data move from QuickBooks Desktop to QuickBooks Online.

I'm just a click away if you need further assistance managing your bank account and Profit & Loss report in QuickBooks Online. Have a great day ahead!