I'm pleased to see you again, info-urbansteelw. I will provide further information regarding your concerns about the discrepancy between your Bank and In QuickBooks balances.
The "outstanding transactions" in QuickBooks refer to any financial transactions that have not yet been fully completed or reconciled. These include unpaid invoices, unreconciled bank transactions, and pending bills or expenses.
You can generate a quick report to locate the missing transactions that result in discrepancies between the two balances. I'll walk you through the steps:
- Navigate the Accounting tab at the left panel.
- Select Chart of accounts.
- Locate the account.
- Click the dropdown arrow beside View register and choose Run report.
- Tap Switch to classic view.
- Change the Report period to All dates.
- Click on Run report.
These guidelines will assist you in identifying the transactions that could cause a discrepancy between your bank balance and the balance in QuickBooks.
Additionally, I would like to share this article that offers guidance on verifying the accuracy of bank and QuickBooks balances and troubleshooting techniques for resolving account reconciliation problems.: Learn the reconcile workflow in QuickBooks.
I'm still available to back you up if you need further assistance with banking issues or any related concerns. Take care!
