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Hi Simon, if you have an accountant on file, they have exclusive access to a Bulk Reclassify tool. This would be the fastest way to have these transactions moved.
Thanks for that response! I may end up having to go down that route if I can't find another solution.
My challenge is that I need to transfer some, but not all, of a large number of transactions from the asset account to the expense account...and my accountant doesn't/wouldn't know which to transfer and which to leave.
Is there a way I can transfer the transactions one by one from the asset account to the expense account? May be easier if I just do it this way...
Thanks again.
ss
@callmesimon
If they are single-line Cheque, Expense or Bill type transactions, you can batch reclassify in Expenses. Select the ones you want to reclassify , then Batch Actions> Categorize selected, select the new account and Apply. There is no warning or undo, so be careful
Rather than reclassify each transaction you could simply journal the total amount that has been allocated to assets instead of expense.
The journal would be Debit: Expense - Credit: Assets at cost
This would correct your overall balance sheet and P&L
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