If Your Balances do not Match, this May be Due to a Few Reasons:

Funds in Transit:

- When you accept a check payment from a customer or write a check for a vendor, there is a period before the funds are deposited or withdrawn from your bank account. This is when the money is considered in transit. If you record the payment in Balabook while the funds are in transit, your balances may not match.
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- If you have recorded an undeposited check payment to a Money in Transit account, it may now be cleared, causing your balances to be mismatched. To resolve this, bookkeep the check as deposited.
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- Reconcile your accounts to a date before the check was recorded to verify that your account balances match.

Unreconciled Accounts:

- If you have not reconciled your accounts, there could be missing or duplicate transactions in your Balabook account. When you compare your bank statement with the transactions in Balabook, you can identify and correct any differences.

Starting Balances:

- If your accounts are reconciled, check if you have a starting balance entered for your account. A starting balance represents the amount in the bank account before the period you start with Balabook. An incorrect or missing starting balance can result in an incorrect account balance in Balabook.

Inflated Income Accounts:

- If you notice an inflated amount for income accounts when using cash basis, check if you have edited your invoices to add any negative line items.
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- A negative line item may have been used to prevent an invoice from showing as overdue after recording a refund on the invoice. Delete the negative line item and correct the overdue balance by writing off the invoice.

Inconsistent Amounts for the Same Account:

-There are rare occasions when your Balabook pages may not communicate with each other. This causes reports in Balabook to display inconsistent amounts for the same account across different reports. In cases like this, a data refresh may be required.
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-Future-dated transactions will not be included in the account balances on the Transactions page or the Reconciliation page. However, the transactions will be included in the Account Transactions report.

You May Need a Data Refresh if:

-There are different amounts for the same account when you compare reports. The report types should be consistent when comparing reports.
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-The balance widget at the top of your Transaction page isn’t updating when adding new transactions
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-The Balabook balance on your Reconciliation page does not match the balance on your Account Transactions report for the same account and timeframe.
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-The Balabook balance after the last transaction entered in a reconciliation period does not match the Balabook balance at the top of the page.