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October 3, 2022
Question

Hello, I am trying to figure out why my payments for Rent Expenses are sitting in my Uncategorized Asset account, how would I move these to the appropriate account?

  • October 3, 2022
  • 1 reply
  • 0 views
To add: these were e-transfers, if that makes a difference. Any e-transfer out is showing an increase to my assets but the payments I have recieved are decreasing my assets.

1 reply

October 3, 2022

Hi there,

 

Welcome to the QuickBooks Community. The program is designed to help you simplify the way you categorize your transactions and I'd like to help make sure you experience this benefit without running into issues. 

 

Based on the details you've provided above, I recommend setting up a banking rule for the Rent Expenses. Banking rules is a feature that automatically categorizes your transactions for you. Here's a helpful article that provides more info about: Set up bank rules to categorize online banking transactions in QuickBooks Online

 

When it comes to moving the transactions to the right account, I encourage you to follow the steps in this article here that shows you how to categorize your transactions in QuickBooks. Give this a try and let me know how you make out. I'll be one message away in case you need additional support. 

Otherwise, I wish you a great rest of the day!