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Level 1

I get paid via Paypal and Venmo, then transfer that money to my bank account. In my reports, both transfers and original deposits are being reported as duplicate income.

I'm very new to Quickbooks and balancing accounts but I wonder if it would just be best to delete Paypal and Venmo from Quickbooks. If so, how?
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QuickBooks Team

I get paid via Paypal and Venmo, then transfer that money to my bank account. In my reports, both transfers and original deposits are being reported as duplicate income.

Good day, SandleMusic.

 

It seems that you linked both Paypal, Venmo, and the bank account to QuickBooks Online. Yes, it's best to remove the duplicate transactions to avoid discrepancies.

 

Follow these steps:

  1. Go to the Transaction/Banking tab and select Paypal or Venmo.
  2. From the Categorize tab, locate the duplicate transactions and click Undo.
  3. On the For review tab, select the transaction to expand it. Then, click Exclude.

This will remove the transactions from your register. Also, you can use the Transfer feature in QuickBooks Online to record transferred funds between two accounts.

 

Post again here if you need anything else. We'll respond as soon as we can.

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