Thank you for posting your thoughts, feprimafi. The best way to check for duplicates in this case would be to carefully review your transaction records and look for any entries that appear more than once. Let me chime in and drop some insights about this matter.
When banking transactions are downloaded into QuickBooks Online, QBO can't always figure out how to categorize the transaction. In that case, QBO assigns the Uncategorized Income account to amounts received and the Uncategorized Expense account to amounts paid.
Furthermore, reconciling undeposited funds in QuickBooks Online involves a series of steps to ensure alignment between recorded transactions and actual bank deposits. The process includes:
- Reviewing the undeposited funds account
- Comparing it to bank deposits
- Making necessary adjustments
- Finalizing the reconciliation based on the bank statement
- Comparing transaction dates, amounts, and other relevant details to identify any potential duplicates.
This process starts by accessing the undeposited funds account in QuickBooks Online to gather all transactions that should have been deposited into the bank.
It's important to review the Undeposited Funds Account and compare them with your bank deposits to ensure that each transaction is being properly accounted for. It can help identify any duplicates or discrepancies that may be causing the bank and QuickBooks balance.
Additionally, if you may want to run the report for accounts under the Chart of Accounts, please refer to these relevant resources for your guide:
Please know that we are here willing to assist and guide you with you bank transaction in QuickBooks Online. Share something in this thread. Have a great day.
