Why Your Bank Balance and Your QuickBooks Never Match
Four common reasons your bank balance and QuickBooks differ: uncleared checks, duplicate imports, transfers booked as income, and the starting balance.
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Full transcript
Why do the numbers differ?
Why does your bank balance never match what QuickBooks shows? The difference usually has an identifiable bookkeeping cause.
What are the four common causes?
An uncleared check may already appear in QuickBooks even though it has not cleared the bank. A duplicate import can record the same activity twice. A transfer between accounts may have been booked as income. Or the starting balance in QuickBooks may never have been verified. Those are four common reasons the numbers drift apart.
Where do you start?
The mismatch does not explain itself, but it gives you a clear place to start. Uncleared checks, duplicate imports, transfers recorded as income, and the starting balance. Once the cause is identified, the difference becomes easier to understand and correct.
Who can help?
Need help getting your books cleaned up? Ta-da! Accounting can help you get back on track.
Need help getting your books cleaned up? Call (310) 800-4494 or send us a note.