QB Issue Resolution:

Using the bank feeds can be confusing.  If you recently connected the bank acct., it provides 90 days of transactions and imports the opening balance and reconciles that one transaction that will need to be deleted.

Also, with bank feeds, they are a useful tool.  Saves time in data entry.  However, for customers, you want to enter the invoice or sales receipt.  then if an invoice, enter the corresponding payment and deposit it. Then match the customer transaction.

I see it many times where users will download the bank feed as “income” and then also post the customer details, thereby doubling their income.

Best way to track the bank acct is to reconcile it monthly.

Resolution for Issue 'This is what my register looks like, multiple entries for one transaction, this is why I think my Quickbooks balance is so much higher than my bank balance. For one transaction with two entries: when I delete one of them it then takes away the payment applied on the invoice and makes there be an open balance for the invoice, when I try deleting the other entry it says something like “This was downloaded by your bank, are you sure you want to delete it”. I am very confused! Any help would be much appreciated. I am new to Quickbooks. Thank you!' available: Yes (Solved).
Source: Intuit Community forum.

This is what my register looks like, multiple entries for one transaction, this is why I think my Quickbooks balance is so much higher than my bank balance. For one transaction with two entries: when I delete one of them it then takes away the payment applied on the invoice and makes there be an open balance for the invoice, when I try deleting the other entry it says something like “This was downloaded by your bank, are you sure you want to delete it”. I am very confused! Any help would be much appreciated. I am new to Quickbooks. Thank you!: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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