QuickBooks Online: troubleshooting duplicate transfers or credit card payments when reconciling

To setup a 30-day free trial of QuickBooks Online and then a 30% www.quickbooksoffer.com/?cid=i...
Subscribe to all my ADVANCED training for $50/m: hectorgarcia.com/subscribe
Call our office 954-414-1524 to setup a private training/consultation about QuickBooks, Excel, Accounting/Bookkeeping, Taxes, and/or General Business Consulting (price starts at $500)
E-mail Hector your questions [e-mail]
To setup a 30-day free trial of QuickBooks Online and then a 30% www.quickbooksoffer.com/?cid=i...

[@MrsWhite-jt1gw]

Hector great trick using the transfer clearing. Can always make the Transfer clearing placeholder 'inactive' on the COA once it has a zero balance. Then it will not show up on financials.

[@happyhiker2023]

Thank you! Awesome tip...

[@safiagowher4615]

Very Helpful, thank you

[@thriveccathenschurch3815]

Buenas Noches Hector , te felicito porque eres un excelente maestro , explicas claro y asi como todos los que empezamos una materia quisieramos , quiero preguntar si tienes tutoriales de QB Premier Nonprofit Edition 2020

[@mayarobles3593]

Thanks so much! You helped me solve my problem.

[@HectorGarciaCPA]

:)

[@MrsWhite-jt1gw]

Why not simply enter a reversing negative number on the register which shows an uncleared transfer dup?

[@itoloscocos]

I have problems we my quick book still show me the last 3 years

[@koulakirby9324]

I’m in real need of help. Huge amounts being deposited but cannot get them in to quickbooks.

[@winecountymall]

I have duplicate deposits and or debits and need to delete them.

[@JJ-ew9lq]

The real question is how to deal with it as your matching the transactions.

[@HectorGarciaCPA]

Every circumstance is different, hard to give a single answer to all

[@winecountymall]

Hector you are great however you move through the show so fast it makes my head swim,

[@camillerebogio6428]

Very helpful videos! However, I would like to ask, what if the downloaded transactions in the bank feed is recorded as Expense in QBO but it should have been recognized as refund from customer (paypal) and brought back to bank because it was returned to the bank, how to resolve this, how to reclassify expense to income? Or refund? This is a prior year error.

[@MrsWhite-jt1gw]

You change the category to PayPal income (money out side). Shows up as negative income.

[@BardenAccounting]

Hi, I appreciate your informational videos so much. I have an old reconciliation that I was trying to fix for a new client. It has this problem. The identical things that are showing o/s for checking are also showing o/s for the credit card. I was successful at getting this method to work for two of the transactions. However, for 4 of the transactions, they actually came from the bank feed and have the two little green rectangles showing that it was matched. However, the bookkeeper before me didn't reconcile the account and clear the ones from the feed, he cleared the other duplicate. So I can't do this trick on those items. Any advice? Thank you so much!

[@HectorGarciaCPA]

Must undo the wrongly cleared transaction

[@pepper2723]

HI, Hector. I recently have a charged back and want to know if I should enter a refund in QBO since we are not going to disputed with the customer. The QBO has already took the funds out of the bank.

[@HectorGarciaCPA]

Yes a refund receipt works

[@tinahargrave1454]

how would I do this for the desktop version accountant premier 2022

[@HectorGarciaCPA]

Its slightly different, but mechanics are the same

[@anachavez7982]

QuickBooks notifies when you are duplicating an invoice, but is there any way to know if we are duplicating a bill?

[@HectorGarciaCPA]

QB Online has a setting for that

[@tiffanymoniz2577]

So how do you prevent it from happening in the first place?!

[@HectorGarciaCPA]

Thats the 1,000,000 question

[@gstfore-commerce6037]

Can this be performed after bank reconciliation???

[@HectorGarciaCPA]

Yeah

[@HelpMeRhondayeah]

So if you went FASTER, would I be MORE confused…probably. Love most of your vids, but this was done too fast, can u redo and go slower? I need this info. Thank you kind sir.

[@HectorGarciaCPA]

Not gonna happen.. but, you can run the videos in KZbin at half speed i think

[@HelpMeRhondayeah]

@@HectorGarciaCPA ok! Thank you! You do a great job! I’m taking over a QBO from someone just starting and we’re both lost! Have a happy weekend

[@deborahtate192]

I view this video, and I'm more confused.

[@HectorGarciaCPA]

Sorry.

[@MrsWhite-jt1gw]

The LOC transfers get sticky. Will try this.

[@LESSISMOREMOREORLESS]

Actually more confused than before. Not your best vid.

[@HectorGarciaCPA]

Fair… this is a confusing topic