QBO QuickTip: Are you using bank feeds? The purpose of the feed is to MATCH transactions already in QuickBooks Online. Never ever ever ever ADD an expense from the bank feed unless you are 100% sure there is not already one in there. If you have been doing this, it’s possible you could be creating HUGE problems in your books that affect your tax liability. Gah! Happy to take a look and make sure you’re doing it correctly.