Hi I have just realised after 5 months that quickbooks is counting my bank transaction labelled as sales, and my paid invoices which were services as separate transactio

I'll help you fix this, userlp.

Once you connect your bank account, your transactions will be downloaded in the For Review tab. After that, you would need to match the downloaded transaction with the one you already entered into the program. This way, you'll be able to link them together and avoid duplicates.

To correct your financial reports, you'll have to undo the categorized transactions and match them to the existing ones. Here's how:

1. Select Banking or Transactions from the sidebar menu.
2. Go to the Banking tab, then choose the appropriate bank account.
3. Click the Categorized tab, then find sales transactions.
4. Select Undo from the Action column, then head back to the For Review tab.
5. Click the transactions, then click them to expand the view.
6. Choose the Find Match option, then review the matching records found in QuickBooks.
7. Select the matching invoice or sales receipt for this payment, then hit Save.

In addition, here are some references that you can visit to learn how to speed up the categorization process of your online banking transactions:

• Categorize and match online bank transactions

• Set up bank rules to categorize bank transactions

I'm just a post away if you have any other concerns or further questions about how bank feeds works in QuickBooks. Have a great rest of the day.