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fix-please
February 6, 2021
Question

Classifying and Categorizing in Banking Before Matching Records

  • February 6, 2021
  • 1 reply
  • 0 views

When I click on a transaction that has a possible match, it takes me to the find match screen. However, I always need to classify the transaction to the correct category and class. When I click on on the "categorize" button, it automatically removes the preset payee for this transaction. To clarify, Column three, where it lists the payee/vendor, is automatically stated before categorizing. But when I go to the "categorize" page, it always removes it and I have to reselect the payee.

Is this a bug or is there a faster way to categorize the accounts and classes for each transaction that the bank uploads? 

1 reply

IamjuViel
IamjuViel
February 6, 2021

Hello, @fix-please.

 

Let me share some information on how QuickBooks handles your downloaded bank transactions.

 

When matching your downloaded bank transactions, it will automatically take the category of the manually added ones. Once it is matched, it will be moved to the Categorized tab.

However, if you manually try to find a match or categorized, payee's name will be removed especially if the customer or vendor is not yet added in QuickBooks. You'd have to have the payee's name. Just click the Vendor or Customer drop-down menu.

Then, click the Add new link and enter the payee's name. You can check this article for more detailed steps: Categorize and match online bank transactions in QuickBooks Online.

 

Also, I'm adding these articles to help manage your income and expense transactions in QuickBooks:

Get back to us here if you have other questions or concerns. I'm always here to help.

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