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ShariTax
August 12, 2023
Question

Information in the Categorize tab in QBO Banking

  • August 12, 2023
  • 1 reply
  • 0 views

Is the volume of entries in the Categorized tab of banking needed?  If not, can I delete them like I did the entries in the Excluded tab?

Thanks

1 reply

DHeraV
DHeraV
August 12, 2023

It's great to have you here in the Community forum, @ShariTax. 

 

To answer your query, deleting transactions from the Categorized tab would remove them from your accounting records, which may lead to discrepancies in your financial reports. It's important to keep the transactions as a reference for your bookkeeping and auditing purposes. Unlike the Excluded tab, which contains entries that you have explicitly excluded from your books, the entries in the Categorized tab should not be deleted. 

 

However, if you insist on having them deleted, I highly recommend consulting with your accountant. They will be able to guide you on the best course of action to maintain accurate records. Also, to ensure that any changes made to your Categorized tab align with your overall financial goals and comply with relevant accounting principles. 

 

Moreover, you may also want to check out this article to guide you in reviewing your accounts in QuickBooks to make sure they match your bank and credit card statements: Reconcile an account in QuickBooks Online.

 

I'm just a comment away and ready to assist anytime if you have additional questions about banking, running financial reports, etc. Take care.

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ShariTaxAuthor
August 12, 2023

Thanks so much for the quick reply.  I am the accountant and I definitely do not want to delete needed entries.  I was just trying to clean up, but will leave the 5,000 ish entries there.  Thanks for the input.

Shari

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DebSheenD
August 12, 2023

It's a pleasure to have you here again, @ShariTax.

 

I’m glad that my colleague was able to help with your concern.

 

Please know that you’re always welcome to post in the Community space for any QuickBooks concerns you may have.

 

If you need tips and resources to manage your QuickBooks Online account and finances, feel free to visit our Support page to learn more. This provides information to help your navigation experience be more effective.

 

Let us know if you have other questions about icategorizing transactions in QuickBooks Online. We'll be happy to lend a helping hand. Stay safe!

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