Should i know what to do with Undcategorized transactions? Open issues Take care of the problems QB found

Hello debvd6,

Making sure your transactions are correctly entered in QuickBooks Online is an important part of the bookkeeping process. The bank feed feature can make the process of creating transactions in QuickBooks easier by importing them directly from the bank for you to categorize. I can provide you with some insight.

The transactions imported to QuickBooks Online have certain information from your bank statement, like date, amount and description. You can click on the description of the transaction in order to open up a menu that will let you categorize this transaction. Here is an article that describes how to categorize and match transactions in QuickBooks Online

If you are wondering how certain transactions in your bank feed should be categorized, I recommend speaking to your accountant. Their accounting knowledge as well as understanding of best business practices can best guide you in making the correct choice for each transaction. you can invite them to your QuickBooks account by going to the My Accountant tab and entering their contact info. You can also find an accountant near you by clicking the Find a pro to help button in that section.

I hope this helps you get back to categorizing your transactions in QuickBooks Online. Feel free to reach out here if you have any more questions.