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July 8, 2020
Question

Should I worry if bank balance is short from my quickbook?

  • July 8, 2020
  • 1 reply
  • 0 views
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1 reply

Level 5
July 9, 2020

Hi there, 

 

Dealing with a short bank balance isn't always fun. Don't worry, I'd be happy to steer you in the right direction. Based on what you've described, it's completely up to whether you'd like to continue with a short bank balance, but if you'd like to fix it, I'll show you how.

 

Doing a bank reconciliation on your account will help determine where  the issue is coming from. Reconciling your accounts can be a lengthy process. Don't worry, I got your back. I'll be happy to give you a hand with making sure you have a $0 balance.

 

Based on what you've described, you'll have to go through your reconciliation and make sure the transactions are matching your bank statements and make sure the periods match. At the end of your reconciliation, the difference between the ending balance in QuickBooks and your bank statement should be $0.00. If there's still a difference, your accounts still aren't balanced. Here's how to fix it: Fix issues while you’re reconciling

 

I encourage you to check out the helpful resources below:

If you still have questions, please contact our support team using this link