How do I clear transactions from a new bank account that I just added?

Hello wfv.counselling,

Being able to easily manage your banking transactions directly in QuickBooks Self-Employed is a great option for being able to manage your books more easily. I'm glad to hear you were able to successfully connect the bank feed. I'll show you how to handle the transactions that are coming through the feed.

Once you've got your bank feed connected and transactions are rolling in, there are a couple ways to handle the transactions: you can categorize them to have them added to your books or you can exclude them from the feed so that they don't count toward your books..

To categorize the transaction, simply choose from Business, Personal, or Split. You can also add more details to a transaction by selecting it to open it, where you can add an image, notes, or make changes to the image description. Simply make whatever changes you need and hit Save when done.

When you click to open the transaction, you'll also see the checkbox Exclude this transaction (this is for duplicates, reimbursements, customer refunds, and returned purchases). If you don't want the transaction to count toward your business' numbers for whatever reason, just check off that option and hit Save.

You'll note that in both cases, the transactions still stay in the feed. This is because QuickBooks Self-Employed manages downloaded transactions right in that window even after you've allocated them in your books. When you're excluding them, the transaction stays there in case you realize later that you actually need it and want to add it in. You can select transactions to make changes at any time.

Give it a shot and let me know how it goes! Here are a few other articles about this feature to help you get to know it better.

• Connect bank and credit card accounts to QuickBooks Self-Employed

• Categorize and edit transactions in QuickBooks Self-Employed

• Create rules to speed up reviews in QuickBooks Self-Employed

Take care and enjoy your day.