Reclassifying Old Transactions

Hi, Martin Markovits.

You can use the reclassify tool to move transactions to similar accounts or change their class. Let me guide you with the steps.

1. Open your client’s QuickBooks Online company. Select the Accountant Tools (briefcase) icon. Then, select Reclassify Transactions.
2. From the Account types drop-down menu, select Profit and Loss to see income and expense accounts. Or select Balance Sheet to see your asset, liability, and equity accounts.
3. From the Account list, select the account with the transactions you want to change.
4. Use these filters:
   • Type: Filter by transaction type.
   • Class: Filter by transactions under a Class or no class. If it’s not available, turn on class tracking.
   • Customer/supplier: Filter for a specific customer or supplier.
   • Modify: Filter by transactions that you can modify.
   • GST: Filter for tax amounts.
5. Select Find Transactions.
6. Select the box for each transaction you want to change. Then select Reclassify.
7. Select a new account to move the transactions to, or a new class from the drop-downs.
8. When you’re ready, select Apply.

Also, you can create a rule to filter specific transactions that you need to reclassify by a certain date.

For more information and detailed steps, please check this article: Reclassify or Move Multiple Transactions At Once.

You can also use a spreadsheet to import your accounts and skip manual entry. Please visit this article for detailed steps: Move Your Chart Of Accounts to QuickBooks Online.

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