Thanks for the update, @Screenman1.

Yes, you can delete the initial receipt of monies so you won't be double posting the payments in QuickBooks Online (QBO) and keep your financial data accurate. Let me guide you on how to do this below.

Since you already know that the initial receipts duplicate your payment transactions, you can go ahead and delete them. To do this, here's how:

1. Go to the Sales menu.
2. Select the All Sales tab.
3. Choose the payment transaction you want to delete to open its details.
4. Click the More button at the bottom.
5. Select Delete and then Yes to confirm.

After that, open the initial bank deposit and include the bank fee (-1225.01) in the Add funds to this deposit section. Please see the screenshot below for your reference.

Once you're done, match your deposit to the downloaded bank transaction. You can refer to this article for the complete guide: Categorize and match online bank transactions in QuickBooks Online.

Also, I encourage you to reconcile your accounts in QBO regularly (every month). This helps monitor your income and expense transactions and detect possible errors accordingly. You may want to check out this article as your reference to guide you in doing and fixing reconciliations in QBO: Learn the reconciliation workflow in QuickBooks .

If there's anything else you need in recording bank deposits or questions about managing transactions in QBO, I'm always ready to help. Take care, and stay safe, @Screenman1.