Calculated Statement Balance and Balance Sheet amounts don't match

These amounts don't necessarily have to match. If you’ve entered any checks and deposits that are currently outstanding, these amounts will not match.

For example, in the Reconciliation Report, under the Banking tab, there is a reference to the account balance in AccountEdge. This amount should match the amount displayed on the AccountEdge Balance Sheet report (Accounts tab). However, to get the calculated statement balance needed for next month's reconciliation, after the current reconciliation is complete, you must take this amount and add any outstanding checks and subtract any outstanding deposits. This amount is the Expected Balance on Statement, which is the Calculated Statement balance for the next months reconciliation, as displayed on the Reconciliation report show above.

Note: The Balance Sheet report must be filtered for the same date as the bank’s statement date.