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lilballsister
January 22, 2022
Question

Bank feeds

  • January 22, 2022
  • 1 reply
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When I downloaded bank transactions, QuickBooks automatically added an online bank account instead of importing into my bank account that I already had set up.  So now I have 2 bank accounts with duplicate transactions. Does this affect my profit and loss reports? Should I delete transactions in the account that I have set up? 

1 reply

RenjolynC
RenjolynC
January 22, 2022

Welcome to the Community, lilballsister.

 

I'd like to share some steps to help you with the account.

 

You'll want to merge the account that was created. This is to make sure you have an accurate data in your profit and loss report. Before doing so, please do the following:

 

Once done, here's how you can merge the accounts:

 

  1. Go to Lists > Chart of Accounts.
  2. Locate account you want to keep and copy the name.
  3. Find the account you want to remove and right-click on the entry and select Edit Account.
  4. Paste the name you copied and click Save & Close. You will be prompted that the account is already being used.
  5. Select Yes to merge the entries.

Note: (For Chart of Accounts) If you get a message that says “You cannot merge an account that has online information associated with it into another account”, you have an active bank feed on one of the accounts. Here’s how to turn off bank feeds.

 

For reference, you can check out this article: Merge list entries in QuickBooks Desktop.

 

After merging the account, run your Profit & Loss report by going to Reports > Company & Financial to see the details. I'd also like to share these links to learn more about the reports and how you can customize them:

 

Please don't hesitate to get back to me if you have additional questions about the Banking feature or need help with other task in your account. Take care always.

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