QUICKBOOKS CHECKING ACCOUNT - ENVELOPES AND STATEMENTS

Hello there, Laura.

Let me shed some light on how transactions from QuickBooks Checking account flows within QuickBooks Online company. Then, manage them properly.

Yes, transactions will flow in the bank feed under the QuickBooks Checking account. It could be that the transactions under the QuickBooks Checking account are already categorized by the system or because of using the bank rule. That's why they are no longer showing in the For review tab. 

We can go to the Categorized tab to review them and they should already be displayed in the register. Here's a sample screenshot for additional reference:

The statement might be different from the transactions generated in QuickBooks. It happens when the transactions are being deducted for processing fees.

If they aren't showing in the Categorized tab, we can manage them properly by adding the processing fees by creating a deposit. You can use this article for a guide: Record and make bank deposits in QuickBooks Online. Scroll down to the Include bank or processing fees section. 

After that, we can match them in the bank feed. Then, reconcile the QuickBooks Checking account.

1. Go to Accounting.
2. Select Reconcile.
3. Choose QuickBooks Checking for the account to reconcile and select View statements.
4. Select a statement to download.

And yes, you're correct about receiving payments from QuickBooks Checking account through their bank account. 

Also, we can get further details about QuickBooks Checking and envelopes in the articles below.

• Learn more about QuickBooks Checking
• Use your QuickBooks Checking account.

If you have follow-up questions about handling transactions from QuickBooks Checking, please don't hesitate to comment below. I'll be around to help you in any way that I can.

Thank you Sarah for your reply but that didn't solve my issue.

May you please explain me the following in  your answer : The statement might be different from the transactions generated in QuickBooks. It happens when the transactions are being deducted for processing fees.

How different could that be ? Does that reduce the NUMBER  of the transactions or just the amounts ? What I see is tons of transactions flowing in the books but when I want to reconcile the account , (and I have ) the statement has just a few transactions , which I am able to find and reconcile in the books, but I am leaving most of what in already in QB now uncleared ?  And when I say lots of transactions yep the are lots of UNCLEARED transactions for the month ? HOW COME ? 

Thanks for getting back to this thread, @Laura1980. Allow me to chime in and clarify things for you.

Before that, are you seeing duplicate transactions? I appreciate any extra information you can give, and it will help us isolate the issue and provide the best solution.

The statement may differ from the transactions generated in QuickBooks when double entries occur within your books. This happens when you add bank transactions instead of matching them.

What we need to do is to compare your bank statement and QuickBooks records. Then, undo those transactions that shows as duplicate and match them accordingly. 

For more information, you can review this link to help review downloaded bank and credit card transactions and put them in the correct accounts: Categorize and match online bank transactions in QuickBooks Online.

Once everything is settled, start reconciling your accounts so they always match your bank and credit card statements.

Keep me posted if you have other questions about your QuickBooks Checking transactions. I'm always around to help. Stay safe!