Hi,
I think I set up something incorrectly because our actual bank balance is like 4 times less than what QBO is showing as the 'bank balance'. I wonder if it has to do with allocation of transactions/accounts?
So, as you know, individual orders filter in from Shopify (website) into QBO with no actual monies coming in, but then there is also the Shopify 'transfer' of those actual funds (minus their fees) into QBO. Could it be as the individual orders filter in,those items for sale are set as an 'income' account and then as the Shopify (and probably Paypal too) 'Transfer' shows in the Banking Review window, where I've set a Rule to categorize that shopify transfer under an income account, that I'M GETTING A COUPLE ENTRY OF THAT INCOME???
Because Shopify is transfering actual funds in, I thought that wouldn't just be set as a transfer, but it's 'Income' coming into our account, but something is way off because QBO shows like $250K as bank balance and it's actually only like $28K!
