online Quickbooks

Yes, Szandi. Let me explain why.

You can exclude the Paypal transactions and add or match the ones from your bank account. This is to avoid any duplicates that'll be added to the program.

I'll add the articles to help you with excluding or categorizing a transaction:

• Exclude a bank transaction you downloaded into QuickBooks Online
• Categorize and match online bank transactions in QuickBooks Online

If any questions arise, feel free to click the Reply button below. We'll get back to you as soon as we can. Take care!

Hi Kristine, I appreciate your response and links. Very helpful. I am clear now. And a question that came to me is, that : Is it mandatory to exclude the duplicate transactions? What if I just ignore them? (for example if I just ignore the paypal account since I know all the transactions in paypal exist  in checking bank account and is being dealt with in the bank account?  

Welcome back, @szandi.

Allow me to provide additional information on how duplicate transactions affect your record.

In QuickBooks, it's necessary to exclude duplicate transactions to avoid discrepancies in bank balances if you accidentally add them to QuickBooks. Here's how to exclude them:

1. Click Banking from the left menu.
2. Select your PayPal account.
3. Go to the For Review tab, then put a checkmark on the transactions that are duplicates.
4. Hit Exclude.

Once done, all the excluded transactions will go to the Excluded tab. Here's an article you can read for more details: Exclude a bank transaction you downloaded into QuickBooks Online.

Just in case you want to learn more about matching bank transactions, feel free to check out this article for detailed information: Match online bank transactions in QuickBooks Online.

Should you need any additional assistance while managing your bank transactions, you can leave a comment below. I'll be sure to get back to you.