Skip to main content
J
Jeweledraven
September 13, 2022
Question

Changing an expense

  • September 13, 2022
  • 1 reply
  • 0 views

I recently started with a retailer that previously used a third-party CPA to take care of the books. This third-party had categorized as an expense something that is clearly a transfer from a savings account at one bank to checking account in another bank. So currently in the report it is showing the transfer out as a positive expense and the transfer in as a negative expense.

 

Does an easy way to accurately show that this was a transfer and not an expense exist? Thanks for any help you can give.

1 reply

A
AileneA
September 13, 2022

Hello, Jeweledraven. 

 

Thanks for joining us here in the Community. I’m here to help change the categorization of your transactions from expense to transfer in QuickBooks Online. 

 

If the expense is imported in your banking feed, you can locate the transactions and click Record as transfer. Here's how: 

 

  1. Go to the Banking page and select the account where the expense is downloaded.
  2. Click the entry to expand it, then choose Record as transfer.  
  3. Select an account to transferred from and fill in other information's needed.
  4. Press Add.

 

Feel free to read through the Categorize and match online bank transactions to learn more about reviewing transactions after you download them.

 

The Community is always open if you have other questions with bank feeds. I'll be around to help. Wishing you a great day ahead!

Terms & ConditionsAccessibility statement