Cash position

Cash and credit-card balances as the books see them today — not a bank's live balance, and not the Profit & Loss.

How-toFor Business owners, Bookkeepers, Firm staff

What the figure is

Cash Position reads the cash and card accounts on the chart and the activity posted to them. It is a books figure. A bank app can disagree if the feed is behind, if outstanding checks have not cleared, or if a deposit is still unmatched.

Common questions

Cash Position does not match the bank.

Reconcile the operating account first. Uncategorized feed lines and outstanding checks are the usual gap.

See alsoReconciling a bank account

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