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toddfrombreck@gm
February 9, 2022
Question

How to change expenses showing in register as deposits?

  • February 9, 2022
  • 1 reply
  • 0 views
every so often in my check register I see deposits that were actually expenses. These were matched but they were opposite of what they should be i.e. they are increasing revenue but were actually expenses. I have tons of transactions that need to be reversed and cannot find a solution online. You would think I could just hit edit and fix this but it does not seem that simple. I do not want to export it all and then bring it back in as it a huge amount of transactions. all the transactions do have proper exspense accounts tied to them they are just in the wrong column. Any help appreciated

1 reply

MJoy_D
MJoy_D
February 10, 2022

I can help you with reversing the current categories of your transactions, @toddfrombreck@gm. 

 

Just move the transactions to a different account to resolve this. You can manually change the category of your transactions in a few simple steps.

 

Follow the steps below:

 

  1. Go to the Banking menu and proceed to the Banking tab.
  2. Select tile for the bank or credit card account you downloaded the transaction from.
  3. Click the Categorized tab and find the transaction you want to move.
  4. Select the blue transaction link in the Added or Matched column. This opens the transaction.
  5. In the Category dropdown, select a new account for each item on the transaction. 
  6. Click Save and close once you're done.

 

Refer to the following article for more information on how to move downloaded transaction to another account: Unmatch downloaded bank transactions or move them to another account. 

 

To ensure your books are accurate and there aren't any duplicate transactions, consider reconciling your accounts: Reconcile an account in QuickBooks Online.

 

If you have other questions about transactions, I'm happy to answer them for you. Just post it here as a reply and I'll take a look at it. Have a good one.

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