QuickBooks,
as the name itself speaks, is an accounting software for making the accounting
entries easy to organize in compact data form. With its unlimited advantages
and features, sometimes, wrong postings on QuickBooks may lead to discrepancies
within your company account. Accounting is a crucial task and for doing it, you
should have your eyes wide open every time. Thus in case if you come across
balancing issues in regards to using QuickBooks, then you must do some
troubleshooting or get in touch with QuickBooks Customer Service which is available online 24 hours of the day.
Causes
and solutions on how to balance QuickBooks with Bank account
§ Cause: Duplicate
entries – it is one of the most common causes of your entries not matching.
Solution: Filter
out transaction report by amount, do not sort by the date and save your
preferences and at the end, you will see your report sorted.
§ Cause: Credit
cards – if you have credit card transaction not been matched with your
QuickBooks company file then your balance will surely be negatively affected.
Solution: Pass
a credit card entry like you normally do and see if the balance matches. If
not, rectify and reconcile the same.
§ Cause: Outstanding
cheques – if you have entered a cheque entry with QuickBooks and the same is
not cleared by your bank then differences will automatically show up.
Solution: You
will have to wait and watch until the bank clears the outstanding cheque. Then
your figures will be balanced once it gets clear.
§ Cause: New
Entries – when you connect your software with your bank account then any new
transaction in your bank will get imported into the system. Those get added
with a twist and you don’t find them easily.
Solution: You
need to update your software by adding entries within your same account as
those lost entries might be open on additional tabs.
By
analyzing the causes, you will feel easy to troubleshoot your error of
imbalance, in case you need further help, then directly reach out for QuickBooks Customer Service Number. Where the technicians will assist you by providing a solution.
