What should be done if a transaction was accidentally entered multiple times?

When a transaction is accidentally entered multiple times in QuickBooks Online, the most effective approach is to review the transactions and delete or void the duplicates. This ensures that your financial records remain accurate and reliable. Having duplicate entries can lead to skewed financial reports, miscalculations, and misunderstandings regarding your financial position.

By removing the duplicate transactions, you maintain a clear and precise account of your records, which is crucial for effective financial management and decision-making. This includes ensuring accurate bookkeeping practices and providing accurate information for tax purposes.

Options that advocate for ignoring the duplicates or adding notes do not effectively resolve the issue of inaccurate data in your accounting records. Creating new entries for each duplicate would only compound the problem, leading to further discrepancies in the overall financial reporting. Thus, the correct approach focuses on correcting the records actively by identifying and removing duplicates.