QuickBooks Online Bank Reconciliation: Why Invoices Show as Money Spent

QuickBooks Online bank reconciliation can get confusing fast, especially when invoices suddenly appear as money spent. In this video, Rachel shows why QuickBooks Online bank reconciliation sometimes displays invoices as payments coming out of your checking account, even when no money actually left the bank.

This happens when a product or service is set up incorrectly and linked to the checking account instead of an income account. Rachel walks through how the mistake occurs, how it shows up in the reconciliation window, and how to spot it using the Transaction Journal.

QuickBooks Online bank reconciliation errors like this can create stress, throw off your books, and hide your true income. This step-by-step example helps you recognize the problem quickly so you can fix it correctly and avoid making things worse in past periods.

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Timestamps
00:00 - Intro
00:20 - Brief overview of the problem
01:00 - Creating an invoice with a new product/service
01:48 - How the problem occurs
03:06 - What happens when you reconcile
05:05 - Checking register
05:45 - Profit and Loss
06:50 - Find the issues in the Transaction Journal
07:23 - Fix the product
07:50 - This does not fix the invoice
09:23 - Outro

#QuickBooksOnline #QBO #BookkeepingTips

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Видео QuickBooks Online Bank Reconciliation: Why Invoices Show as Money Spent канала Gentle Frog