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October 16, 2022
Question

Do you know why QB-online would be doubling the deposits put in the bank?

  • October 16, 2022
  • 1 reply
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Do you know why QB online would be doubling the bank deposits on the P & L but no on the checking register?

1 reply

October 16, 2022

Hi there, @dustiaudsley-gma.

 

How your transactions are reported in the Profit and loss report depends on how you enter them in QuickBooks. The P&L report summarizes your revenues, costs, and expenses incurred during a specified period. 

 

It's possible that some of your transactions are posted on other accounts. This can be the reason why they are showing as double. To check, let's click the amount on the report to break down its transactions. 

 

That way, we can compare them with your check register and see if they are posted under the same account twice. Here's how:

 

  1. Go to the Reports menu and run the Profit and loss report.
  2. Click the amounts under the TOTAL column.
  3. Review the transaction and check if it matches your checking register.

 

Moreover, you can apply different filters to customize your reports in QuickBooks. This will help you focus on the things that matter the most to your business. 

 

Please let me know the results of your investigation. I'm always here to help you with any QuickBooks-related concerns. Have a good one.