Difference between bank statement balance in "History" and "Bank account"

Question asked by Bhaskar Dandona 8 years ago

Hi, So I uploaded some bank statements in CSV format. When i view the bank statement in Bank Statements> History> Match (for a particular statement), the last transaction on it shows me one balance but if i go to Money> Bank Account> Select month from drop-down menu, it shows me a different balance. Is it because most of the transactions are not matched in the imported statement?

Also, the imported bank statement shows that the number of transactions in a month are the same as in the actual bank statement for the month. That means all transactions have been imported. But there is still a difference in ending balance for the month. Any help why this is happening would be great.

Thank you!

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Hi Bhaskar,

The balance on imported statements is taken from the last explained transaction, so if you haven't explained all transactions up the first date on the import then the running balance on the imported statement could be wrong.

It is much more important to keep the bank account balances correct (which are made up of all explained transactions):

file

We could potentially drop the balance on the imported statements in future to cause less confusion, although this will be reviewed by our product team.

Best answer
8 years ago

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