QuickBooks Team

Account management

Hi there, abel-horvath.

 

There are possible reasons wages from payroll and your bank transactions are created separately. That's why it counts double on the profit and loss report. Here are the reasons:

 

 

To fix this, I suggest to undo those payroll transactions from the Reviewed tab. Then, find a match so you're able to locate matches to your payroll transactions to avoid duplicate entries.

 

Here's how to undo:

 

1. Click Banking at the left panel. Then the Banking section.

2. Go to the Reviewed tab and find the payroll transactions.

3. Put a checkmark on payroll transactions and click the Undo link located at the right corner.

 

After that, you can now go to the For Review tab. Then select each payroll transaction and choose to Find Match. Please follow these steps:

 

1. From For Review tab, select the payroll transaction.

2. Click it to see the full details and click the Find Match button.

3. In the Match transactions window, choose the specific date to show all transactions that match with the payroll transactions.

4. Hit the Save button.

 

You can refer to this article for more information about reviewing your downloaded bank transactions:  Match and categorize bank transactions in QuickBooks Online. This helps you to avoid duplicate entries in you QuickBooks account.

 

To guide you in reconciling your accounts properly, you can check out this link: Reconcile an account in QuickBooks Online. This article also provides on how you can edit completed reconciliations.

 

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.