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truleigh
June 15, 2020
Question

Transactions posted to wrong bank account

  • June 15, 2020
  • 1 reply
  • 0 views

Using QBO Accountants.

Is there a way to change in bulk transactions posted to the wrong bank account? It does not seem to be possible through Reclassify Transactions. I can't download from bank as the account is closed. Besides, I'd have to delete each transaction already posted. It's taking me forever to open each item and change it.  I would just make journal entries, but there's other stuff posted to the bank that does not belong there. Just hoping there is an easier way I don't know about.

    1 reply

    S
    SarahannC
    June 15, 2020

    Hi there, truleigh.

     

    I appreciate you for sharing your concern and providing enough details about it.

     

    Yes, you got it right that we're unable to use the reclassify transactions based on your situation. We can only change the class of transactions with items on them, but we can't move or change them to the right account. 

     

    The only thing that we can do is by opening each item and update the account to the right one. I see that the process is quite heavy on your part, but It can help us get these things done.

     

    Let me share with you the steps on how to do it:

     

    1. Go to Sales on the left panel.
    2. Select the Product and Services tab.
    3. Find the item and click Edit under the Action column.
    4. Change the correct account for this item.
    5. Put a check in the Also update this account in historical transactions box.
    6. Then, Save and Close.

     

    If you'd like to enter journal entries soon, you can use this article as your reference for further details about the process: Learn more about adjusting journal entries. 

     

    Just tap me on my shoulder if you have more something to ask. I'll be here to assist and provide you more details of your query. Keep safe!

    T
    truleighAuthor
    June 23, 2020

    These are sales items that I need to change. They are primarily expenses. They were all posted to the wrong bank account. There are deposits too, but I'm just making journal entries to correct. Isn't there a way to bulk change the bank account expenses are posted to? 

    M
    MadelynC
    June 23, 2020

    Thanks for getting back, @truleigh.

     

    Currently, there isn’t a way to change the bank account expenses in batch. You'll have to manually change them as an alternative.  Only the Reclassify transaction tool can move multiple transactions to a different account at once.

     

    To keep track of your finances, I added this article as a reference. It has report features available to use moving forward: Run reports in QuickBooks Online.


    I’ll be around if you have follow up questions. Keep safe. 

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