Skip to main content
J
Joshua Waller
June 22, 2024
Question

Changing account type from bank to expenditure.

  • June 22, 2024
  • 1 reply
  • 0 views

I just logged into my account and it has one of my expenditures listed as a bank account type, so it has 80% of my bank account in one category that is not even supposed to be that type of account. How do I change the type from a bank to an expenditure? I tried the edit thing to the right, but it would not let me finish the process. Do I need to first add an expenditure category so that I can then change the type and account details to match? If so, how do I add an expenditure category?

1 reply

C
Carneil_C
June 22, 2024

It's good to see you posting your concern here in the Community space, Joshua.

 

I'll share information about managing your account type and categories in QuickBooks Self-Employed (QBSE).

 

Changing the account type and creating a new expense category in QBSE isn't possible. In line with this, I'd like to ask if you'd like to categorize from the Transactions page. If so, here's how:

 

  1. Find the transaction you want to edit.
  2. Click the ▼ icon to expand the transaction.
  3. Edit the transaction name, add notes, or attach a receipt.
  4. To change the category, select the link in the Type or Category column. Then, choose a new category.
  5. Once done, select Save.

 

However, it would be best to seek professional advice from your accountant to ensure the accuracy of your accounts. If you're not affiliated with one, you can utilize our accountant to look for one in your area.

 

To guide you further on organizing your transactions, follow the detailed steps in this article: Categorize transactions in QuickBooks Self-Employed.

 

To learn about the Schedule C categories, please see this resource: Schedule C and expense categories in QuickBooks Self-Employed.

 

Let me know how else I can help you with QBSE transactions by commenting below. I'll ensure your needs are taken care of. Keep safe always.

Terms & ConditionsAccessibility statement