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In this QuickBooks tutorial, Candice explains how to merge duplicate vendor or customer accounts, which often occur due to minor discrepancies like spaces in names. This issue is common, especially when using online banking with QuickBooks, where transactions may create duplicates. To demonstrate the merging process, Candice uses the example of "p g and e" and "pg e," showing how to simplify your records by merging them into one account. She emphasizes that the merging process is straightforward but cautions that once accounts are merged, they cannot be unmerged in QuickBooks.