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Feb 26, 2020 7:44 AM UTC
Question

I created a bank rule and it automatically added to the books in as an expenses, should have been a transfer from one bank account to another. how do I fix

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1 reply

AddieC
Feb 26, 2020 4:37 PM UTC

Hi there, 

 

When you download transactions from your bank, you need to categorize them so they go in the right accounts. Bank rules speed up this review process. You can create rules that automatically categorize transactions for you. The more QuickBooks uses your bank rules, the better it gets at categorizing. After a while, it can even scan transactions and add details like payees. 

If you're noticing that your bank rule has resulted in an incorrect record for your transaction, you can delete the rule by following these steps: 

 

1. Click the Banking tab on the left navigation menu.

2. Select Bank Rules at the top of the page. 

3. Click the drop-down menu next to Edit for the rule you'd like to delete. 

4. Click Delete. 

 

Depending on whether or not you've approved the transaction in your bank feed, you may need to make additional adjustments. Our tech support team can help with that.

 

If you're trying to record a bank transfer in your account, this is very simple. All you have to do is click the + New icon, then select Transfer. You'll be asked to select the two bank accounts involved in the transfer, so your account balances are correct. 

 

I hope this helps you get back on track. If you have any other questions, please reach out to our tech support team so an agent can get you back on track.


Cheers.