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EBFinancials
Dec 26, 2018 2:35 AM UTC

How to report test transactions

Our business is an online membership-based one
When we began processing payments we made few initial test transactions with our card
Since then those transactions keep showing as we set them up on recurring
My question is how to report those test transactions. How about creating an account in the Chart Of Accounts named 'Membership and Subscriptions' and classify it under 'Uncategorized Expenses'
Those transactions are included in the Sales Revenue so they must be offset on the expense side.

 

      2 replies

      Rustler
      Rustler
      Dec 27, 2018 1:46 PM UTC

      If they are test transactions, why would you want them to continue?

      delete the scheduled transaction from recurring transaction

      delete the test transactions

       

      the file now contains real business transactions

      EBFinancialsAuthor
      Dec 27, 2018 6:41 PM UTC
      @Rustler wrote:

      If they are test transactions, why would you want them to continue?

      delete the scheduled transaction from recurring transaction

      delete the test transactions

       

      the file now contains real business transactions

      I don't understand the part of:

      delete the scheduled transaction from recurring transaction

      delete the test transactions

      Where and how do I do it in QBO?

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