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Old 12-02-2016, 06:32 PM
Zambuk Zambuk is offline
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Join Date: Aug 2011
Location: Sydney Australia
Posts: 24
Quickbooks Balance

I am a complete novice regarding QBO, so please forgive me with this possibly silly question.

My QuickBooks balance is not the same as the bank balance. There are no outstanding cheques to be presented, or money to be deposited. I do have about $2,000.00 in outstanding invoices, which should all be paid by 30th June next year.

Are these outstanding invoices included in the QuickBooks balance?

Thank you for your assistance

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Old 12-03-2016, 04:50 AM
Rustler Rustler is offline
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Join Date: Feb 2008
Location: Texas - The Republic
Posts: 2,413
Not in the bank balance unless you have the items sold set up wrong.

In the products & services list edit an item you sell, the income account should never be the bank, you select an income account
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