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We5ty
March 18, 2019
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Changing Transcation Category to Transfer

  • March 18, 2019
  • 1 reply
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Hi, I've just started using QB Self Employed and have some issues that I need clearing up.

 

My first problem is that, having imported transcations from several bank accounts, I need to change the automatically assigned transaction type, but can't seem how to do it.

 

Specifically, there are some transfers between accounts that are marked as Bill Payment in the description and QB doesn't seem to want to allow me to change the type to transfer rather than Business/Personal Expenditure or just exclude. Any ideas what I should do?

 

Thanks in advance.

 

Simon

    Best answer by EmmaM

    Hi Simon

     

    Thanks for the screenshot. If you select business it will set a category however you can then click on the blue writing under the category column and then you will then see a drop down box and transfer is an option.

    If you select personal as it is not part of your Self Assessment you can not select a category it will default to personal spending

     

    I hope this helps

     

    Any questions about this or any other sections feel free to reply  to ask here you do not have to start a new thread

     

    Thanks

    Emma

    1 reply

    E
    EdwardR
    March 18, 2019

    Thanks for contacting us on Community Simon.

     

    This will depend if the transactions have been imported after previously being assigned, normally this will give the option to assign of Business Income/Personal/Split were the transactions in question imported using a CSV file? If this is the case you could try removing the type which is assigned. Can you provide us with a screenshot of the transactions in question or the file they are being imported from?

     

    Thanks,

     

     

     

     

      W
      We5tyAuthor
      March 21, 2019

      Hi Edward,

       

      My apologies for the delay in replying, it's been one of those weeks so far!

       

      So the transactions have been imported directly from the bank (santander) they are transfers from my personal account into a personal joint account. I just want to mark them as bank transfers between accounts, otherwise (excuse my ignorance) I suspect it'll look like have I spent the same funds more than once. Unfortunately, I need to include the personal accounts, because on bills paid from the joint account include some split expenses like rent, utilities etc.

       

      I use cash basis, simple accounting rules and I have also got some more queries as regards how to account for expenses, other than mileage, covered under the simple accounting rules. But perhaps I'll start a different thread for that.

       

      Thanks for your response.

       

      Simon.

       

       

      ps. I marked the transactions EXCLUDED, because I was unsure what to do.

      E
      EmmaMAnswer
      March 21, 2019

      Hi Simon

       

      Thanks for the screenshot. If you select business it will set a category however you can then click on the blue writing under the category column and then you will then see a drop down box and transfer is an option.

      If you select personal as it is not part of your Self Assessment you can not select a category it will default to personal spending

       

      I hope this helps

       

      Any questions about this or any other sections feel free to reply  to ask here you do not have to start a new thread

       

      Thanks

      Emma

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