Should the chk account and the qbo show the same amount once you have updated qb and added all transactions?

Yes, spritee49. I want to share some insights into managing your bank transactions in QuickBooks Online.

Your checking account and QuickBooks balance should match. Thus, we recommend reconciling your account at least once a month to ensure the accuracy of your books.

Thus, some factors will cause them not to match. Here are some reasons why: 

• Outstanding transactions
• New transactions for a connected account
• Duplicate transactions
• Edited or deleted transactions
• Credit card (liability) account

Check out this article to learn more on what to review before the reconciliation process: Fix issues for accounts you've reconciled in the past in QuickBooks Online.

To help you organize those transactions, visit this guide for your reference: Categorize and match online bank transactions in QuickBooks Online.

I'm always ready to assist you with questions or concerns about banking tasks. Take care always.