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In this video tutorial, Rachel Barnett from Gentle Frog explains the differences between transfers, expenses, and deposits in QuickBooks Online. She begins by navigating from the dashboard to the bank accounts section, highlighting a common issue her clients face: confusion about how to categorize incoming funds. Using a sample QuickBooks file, she illustrates a scenario where money was received, specifically a $30 credit from Rewind Accountants, as a practical example of the challenges clients encounter when organizing their financial data. The video aims to clarify these concepts for users who may hit "speed bumps" during their bookkeeping process.