Are you looking for an extensive manual that can help you learn to review and categorize your QuickBooks Online downloaded transactions?
This blog will thoroughly help you understand the steps to categorize the transactions you uploaded to the QuickBooks Online software and review the downloaded bank transactions.
Reviewing and categorizing downloaded transactions in the QuickBooks Online program is crucial for maintaining accurate financial records. Let’s learn how to do it effectively through this detailed blog.
You must call +1(855)-738–0359 and instantly get the expert's aid if you need precise instructions or verbal assistance with the procedure for categorizing the transactions in QuickBooks Online.
Step to Review and Categorize Downloaded QBO Transactions
Let us see how you can review the downloaded transactions in QuickBooks Online and then categorize them:
First, go to the Transactions option. Then, take the cursor to the Bank transactions options and click it.
At this stage, you will have to choose the bank account that you wish to review.
Then, hit the For review tab.
When you are done with the above steps, QuickBooks will transmit the downloaded transactions for you to review to the For Review tab.
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After that, it will suggest various categories for each transaction, which you can review in order:
If the transaction displays Add:
Click on the Add button if this suggested category is appropriate.
If you want to change the category, then you can also do so by selecting an option from the dropdown button or creating a new category.
If the transaction highlights Review:
Click on the Review button.
After that, you can create a category or choose from the current one.
If the transaction is already present in the QuickBooks program, you can match or view multiple matches.
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Decide the Most Appropriate Category
There are different options through which you can get money paid:
Sales
Refunds
Customer payments
Fixed assets sold
Money invested
Bank loans received
Categorize Your Expenses:
You can categorize your money paid to others like bills that you spent on:
Meals
Taxes
Payroll
Fixed assets
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Other Categorization Actions
Other options can also help you to systematically categorize your transactions. After uploading your transactions manually, you can automatically update them, and if duplicate transactions arise, here is how you can exclude them:
First, hit the Transactions button, and then go to Bank transactions.
Click the For Review tab and check all the options in the check box that you want to exclude.
After ticking the transactions, hit the Exclude button.
The Excluded tab will now receive the excluded transactions, not the QuickBooks.
While reviewing downloaded transactions on a bank account, if you encounter a QuickBooks something's not quite right error, then you should access your web browser in incognito mode and clear cache data and Intuit-specific cookies.
The blog explains how users can effectively manage their downloaded transactions in QB Online and ensure accurate financial records and streamlined bookkeeping processes.
If you have further queries or need assistance, immediately dial +1(855)-738–0359 and connect with a QB expert.
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