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- My bank account balance is showing up on my Balance Sheet as a negative number. It is a positive number. How do I fix this? It pulls the number from my bank. Thanks!
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farrahgauthier-g
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May 24, 202112:34 PM
last updatedMay 24, 202112:34 PM
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4 Comments 4
LieraMarie_A
QuickBooks Team
May 24, 202101:58 PM
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My bank account balance is showing up on my Balance Sheet as a negative number. It is a positive number. How do I fix this? It pulls the number from my bank. Thanks!
Hi, @farrahgauthier-g. Let me share some information why you're getting a negative bank balance.
A negative bank balance is usually a result of making payments or issuing checks that's larger than the amount of money in your account. I'd suggest checking its transaction report. This way, we can track all the transactions associated with your bank account.
Here's how:
- Go to theReportsmenu.
- Open yourBalance Sheetreport.
- Modify the reporting period.
- Click the amount of the bank account that shows up as a negative number. It will pull up its transaction report.
- Click the smallGearicon.
- Select theDebitandCreditboxes.
- Click anywhere to refresh the page.
Review all the money-out transactions under theCreditcolumn. You can also check out this article to see the complete list of available reports for your QuickBooks Online version:Reports.
Additionally, you can get more insights about the Chart of Accounts in this write-up:Learn about the chart of accounts.
I'm just around the corner if you need further assistance managing your banking transactions. Drop a comment below and I'll get back to you as soon as I can.
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LieraMarie_A
QuickBooks Team
May 25, 202101:53 PM
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My bank account balance is showing up on my Balance Sheet as a negative number. It is a positive number. How do I fix this? It pulls the number from my bank. Thanks!
Hi@farrahgauthier-g,
Hope you’re doing great. I wanted to see how everything is going about tracking your transactions causing the negative amount. Was it successful? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.
Looking forward to your reply. Have a pleasant day ahead!
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CMO1
Level 1
November 10, 202112:54 PM
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My bank account balance is showing up on my Balance Sheet as a negative number. It is a positive number. How do I fix this? It pulls the number from my bank. Thanks!
Yes I am not able to fix this issue.
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Kurt_M
QuickBooks Team
November 10, 202102:35 PM
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My bank account balance is showing up on my Balance Sheet as a negative number. It is a positive number. How do I fix this? It pulls the number from my bank. Thanks!
Hello, @CMO1.
We’re pleased to have you here in the QuickBooks Community. Let me help you in double-checking your report to correct a negative balance.
Normally, a negative bank balance is a result of making payments or issuing checks that’s larger than the amount of money in your account.
Also the data on the Balance sheet depends on how you set the filters.
Here’s what we can do to correct the negative balance on your report:
- Let’s make sure to have the correct report period.
- Then we’ll also make sure to check the accounting method, if it isCashorAccrual.
- Check the box that says “Show unrealized gain or loss” so it will also appear on the report.
Here's anarticleIf you need to further customize your report.
You may also refer on thisarticleto know more about Negative balance.
Drop a comment below if you have other questions. I’m always here to help. Have a nice day!
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