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Level 1

Under my P&L, it’s showing two sources for income: Sales and Square. This is reflecting inaccuracies since they’re nearly the same amount, like it’s tracking square twice

 
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QuickBooks Team

Under my P&L, it’s showing two sources for income: Sales and Square. This is reflecting inaccuracies since they’re nearly the same amount, like it’s tracking square twice

Hi kristina6,

 

When the bank transactions are downloaded, make sure that you've selected the Match option instead of Add.. You'll want to exclude those duplicate transactions to correct your Profit & Loss report.

  1. Click Banking on the left menu.
  2. Go to the Banking tab.
  3. Choose your bank.
  4. Go to the In QuickBooks tab.
  5. Put a checkmark on the box beside the transactions you want to undo.
  6. Select Undo above the Date column.

Please check this article for more information: Sync Square with QuickBooks Online.

 

After matching the transaction, you can match your bank and credit card statements. Here's an article for your reference: Reconcile An Account in QuickBooks Online.

 

You can always leave a reply below if you need further assistance. I'll make sure to get back to you.

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