I have Quickbooks Online. For Quickbooks Software monthly subscription, would the correct expense category be Taxes and Licensing or Other Business Expenses?

Yes, you can definitely do it, hotshot20.

You can set up bank rules to automatically categorize regular recurring transactions even if they are slightly different each month. I'll show you how to it:

1. Select Banking from the sidebar menu, then go to the Rules tab.
2. Click New rule.
3. Enter a name in the Rule field.
4. From the For dropdown menu, select Money in or Money out.
5. From the In drop-down menu, select the bank or credit card account.
6. Set the rule conditions.
7. Go to the Then assign section, then select Expense from the Transaction type drop-down menu.
8. Make sure to choose Taxes and Licenses from the Category drop-down menu, then enter the appropriate payee.
9. Click Save when you're done.

Once you're all set up, the program puts the transactions in the Recognized section of the For Review tab. It also adds a "Rule" label to the transaction. You'll just have to select Add to move the transactions directly into an account.

If you want to automatically add this transaction to your books, you may toggle the Auto-add option on the Rules window.

Additionally, here are some articles that you can read to help keep your QuickBooks account balanced and up-to-date:

• Categorize and match online bank transactions
• Learn the reconcile workflow in QuickBooks

Do you have any other questions in mind? Feel free to leave them below and I'll get back to you as soon as I can.