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January 9, 2023
Question

How do I categorize a deposit that I made to my bank account? QuickBooks categorized it as a sale, but it is a deposit that I made to cover bills for the business.

  • January 9, 2023
  • 1 reply
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1 reply

January 9, 2023

Welcome to the Community. Thanks for reaching out to us.

 

Putting your transactions in the correct accounts is relevant for keeping track of your accurate bank's cash flows in QuickBooks Online (QBO).

 

You can review and change the recommended category into which QuickBooks wants to categorize the transaction. Hence, you can select a different category, as long as it is not related to sales, and place it in a different account. I'll show you how:

 

  1. Go to the the Banking menu, then click Banking.
  2. Select the For review tab, then click the particular transaction.
  3. Select the Categorize option. 
  4. Click the dropdown button, then choose  a category.
  5. Select Add.

 

 

If the transaction has already categorized, you can undo it first to display it in the For review tab before changing the category.

 

 

You can also read this article to learn how to ensure that your accounts match your bank and credit card statements: Reconcile accounts in QuickBooks Online. Additionally, you can categorize bank transactions automatically by using bank rules in QuickBooks Online.

 

Keep in touch by clicking the Reply button below if you need further assistance categorizing your bank transactions in QuickBooks Online. I'm always looking forward to helping you. Have a great day ahead!