How to fix Duplicated Income Transactions in QuickBooks Online

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  • Опубликовано: 14 дек 2024

Комментарии • 46

  • @shonnaclark1815
    @shonnaclark1815 9 месяцев назад +3

    Wow you have been the most helpful teacher of everyone I’ve been watching to get this figured out!

    • @ClaudiaXperts
      @ClaudiaXperts  9 месяцев назад

      I am so glad that the video on how to fix duplicated Income Transactions helped you with your QuickBooks Online!

  • @faisalkhatri1
    @faisalkhatri1 Год назад +1

    Great, very confused about the duplicate income, but after watching your this video made me very clear. Thanks

  • @misslaneice
    @misslaneice Год назад +1

    I know it's a year later but I just came across your video and it definitely helped me understand so I wouldn't have duplicates! Thank you for that! However, my next question, once the payment is recored once as a deposit, how are we to show that on the profit loss and report as income? (sales of products)

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      Hi Jessica, it depends on how you routed your products and services. If you created the product and services and selected products and service as the income account than that’s where you will find it. Look into your profit and loss and you will see it.

    • @misslaneice
      @misslaneice Год назад

      Good Morning Claudia, I'm sorry, I am still not understanding. Once I match the undeposited funds to the deposit, how do I include it to show on the profit and loss report as income?@@ClaudiaXperts

    • @misslaneice
      @misslaneice Год назад

      Hi CLaudia!
      So I did what you did and put the payments that are done for Accounts Receivable under "Undeposited Funds" however, once the deposit is matched, How do I make that deposit show on the Profit and Loss report as Income@@ClaudiaXperts

  • @florak1087
    @florak1087 Год назад +1

    Claudia, that was a great video and one that is much needed with understanding Quickbooks, especially since a lot of people who have lost their jobs started small businesses as my new client has. I want to understand it so I can teach them and we can both be fluent in this system. The less worry we have with how to use it, give us more time for business. I am wondering if a cheat sheet could be put together (I am doing one right now) for your viewers. That would be fabulous for people that learn in different ways. Always look forward to your videos and one day I am going to kick a** with this system. I too, like you, like to do puzzles and get results. Like when I finally, after many adjustments balanced my first month of reconciliation. It is such a good feeling! 😊

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад +1

      Glad you liked it Flora, I will look into getting a cheat sheet done. Thanks for all your support!

  • @SNTanon
    @SNTanon 2 года назад +2

    What if the bank feed match/add, is the transaction that was reconciled? Do I have to unreconcile everything and start over?

    • @ClaudiaXperts
      @ClaudiaXperts  2 года назад

      Yes, that is the best way

    • @christajo
      @christajo 2 года назад +1

      @@ClaudiaXperts
      I've discovered that there are so many duplicates after connecting all accounts, everything has been reconciled, but the uncategorized income or asset has been dumped into. How can this be removed? Journal entry EOY fix? It's an awful mess

    • @ClaudiaXperts
      @ClaudiaXperts  2 года назад

      @@christajo Christa not an easy one. You will have to clean one at a time. Undo the reconciliation, then follow the instructions in the video. Remove all the Uncategorized Income and transactions and match it to an income transaction.

    • @israelalvarado9720
      @israelalvarado9720 Год назад +1

      @@ClaudiaXperts h hi ow can I get a hold of you for one hour?

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      @@israelalvarado9720 Israel my phone is 407 504 9828. We can also email me at qboxperts@gmail.com

  • @florak1087
    @florak1087 Год назад +1

    Claudia or followers, I went to look at my duplicates and I found they are under 'accounts receivable'. What changes do I have to do to get rid of these? Just delete them? or will that pose an issue to the books? Much appreciate whatever you can tell me. Thank you.

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      This is happening because the payments are not being recorded and matched in banking. If the invoices are from a prior period where the tax return was already processed it is ok to delete if they have no payments recorded. If it is for a current period then you need to record the payment and match it to the bank transaction to avoid duplication. Make sure you do match to the bank transaction.

  • @relaxedclub9425
    @relaxedclub9425 11 месяцев назад +1

    Please clearify, undeposited funds account is used only when payment was received by either cash & checks? I believe debit or credit cards payments are deposited directly in the bank account so the account is not used.

    • @ClaudiaXperts
      @ClaudiaXperts  11 месяцев назад +1

      It depends, if you use QuickBooks payment then you do not have to record anything because QuickBooks already record the whole workflow. If you use a different credit card processor then you may need to record the payment to undeposited funds, unless it is a third party integration such as Square, Shopify, etc

  • @alisagay3938
    @alisagay3938 Год назад +1

    Will this work if the bank account has been reconciled? If I unmatch the transaction will it screw up the reconciliation?

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      Yes it will, you will need to delete the reconciliation and redo it.

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      Check this link on how to fix it when you already reconciled.
      ruclips.net/video/h8pfs9e0nzw/видео.htmlsi=wavBzook2wx-YP9i

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      Keep in mind you still need to delete the duplicated transaction.

  • @freshreflectionsdetailing7279
    @freshreflectionsdetailing7279 2 года назад +1

    Very helpful! thank you for this great tutorial.

  • @DiCullity-uv4cs
    @DiCullity-uv4cs 9 месяцев назад +1

    Hi unfortunately I have 3 same deposits and cannot void any! ; 10/26/23 -$30,903.95 with (R), 10/26/23 -$30,903.95 no mark, 10/23/2023 $30,903.95 no mark. I also have a discrepancy issue 😢😢

    • @ClaudiaXperts
      @ClaudiaXperts  9 месяцев назад

      Another way to reverse it if you cannot delete or void is to create a Journal entry. If you want to schedule a one o one tutorial I charge $125 just PM me.

  • @01f4irider
    @01f4irider Год назад +1

    I umatched, deleted the deposit, then I went into the bank transactions to assign to undeposited funds, but there is no field to select it. In other words, the "Deposit to" field is not there at all, so I can assign the payment to undeposited funds. What do I do?

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      The bank account is on the top when you click on deposits.

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад +1

      You must verify if the payment was routed to undeposited funds or the bank account. Make sure you correct it if it is routed to the bank account. Then click on the plus sign on the left hand side menu and select deposit. The bank options is on the top of the pages and all undeposited funds should be listed there. Those are payments that need deposits recorded and matched in banking.

    • @01f4irider
      @01f4irider Год назад +1

      @@ClaudiaXperts Thank you so much for this video and your reply. They helped me get everything straight in my account😊

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      @@01f4irider so happy to hear that Luis! Happy our video “How to fix Duplicated Income Transactions in QuickBooks Online

  • @mavillah9548
    @mavillah9548 Год назад +1

    Hi There! Love your positive demeanor. Could I arrange a consultation?

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      Thank you! Absolutely my phone is 407 504 9828 or e-mail qboxperts@gmail.com

  • @DaniGerman1499
    @DaniGerman1499 Год назад +1

    I don’t habe undeposited selection though. What the hell do I do

    • @ClaudiaXperts
      @ClaudiaXperts  Год назад

      Click on the plus sign on the left hand side menu. Then click on deposit, all undeposited funds will be sitting there for you to record the deposit.

  • @DreamFirms
    @DreamFirms 2 года назад +2

    Great tutorial!

  • @pamaxtactical
    @pamaxtactical 2 года назад

    Lifesaver. Great explanation. Thank you.

  • @Malik-ix2kx
    @Malik-ix2kx 2 года назад +1

    Great job.
    👍🏻