Question

How do I reclassify multiple transactions using QBO Essentials?

Forum|Forum|2 years ago
October 24, 2023
1 reply
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QuickBooks Online

QuickBooks Team

It's good to see you here today, mcd. Let me share some insights and guide you on reclassifying transactions in QuickBooks Online (QBO).

The reclassifying multiple transactions at once is not available in QBO Essentials. This feature is only available in QBO Advanced and QBO Accountant. Hence, in reclassifying the transactions, I suggest contacting your accountant if you have one.

Otherwise, you'll have to edit your transactions one at a time. I'll show you how:

Go to the Accounting menu, then choose Chart of Accounts.
Select the account that you want to reclassify by clicking the View register.
Locate the transaction that you'll reclassify.
Tap this to expand and click Edit.
From there, you can change the account.

You can also utilize a Journal Entry to move the balances from one account to another. I highly recommend reaching out your accountant to guide you along the process.

Moreover, you can also consider upgrading your subscription to QBO Advanced. In this way, you can use the reclassifying tool seamlessly to save time and make changes to multiple transactions at once.

On the other hand, feel free to check out this article as your reference for future online bank categorizing transactions: Categorize online bank transactions in QuickBooks Online.

We'll be happy to see you here again in the Community space. Feel free to post here again if you have any additional questions about reclassifying multiple transactions. We've got you covered, and we'll get back to you. Take care.

carol20

I am trying to edit the Accounts Payable account on manually entered bills. There is no option to edit the transaction in the account register. Clicking on the transaction takes me to Bill. There is no option to edit the Accounts Payable account there; I can only edit the expense category.

C

Carneil_C

Level 6

I appreciate you for joining the thread, @carol20.

Let me provide some information about modifying your account for bills in QuickBooks Online.

Accounts Payable is a default account to identify all money out movement. As a balance of all bills, it will affect the Accounts Payable account. Thus, it's not an eligible account to use since it's a default account. This is why you're only able to edit the Expense category.

Moreover, you can seek professional advice from your accountant to ensure the accuracy of your accounts if you use Journal Entry to move balances. If you're not affiliated with one, you can utilize our accountant to look for one in your area.

You can also read through this guide for more details about tracking bills and recording bill payments: Enter and manage bills and bill payments in QuickBooks Online.

This resource can help you if you want to delete or void a bill or bill payment: Void or delete a bill or bill payment check.

You can always tag me in your response if you have any other questions about bills or recording your payments in QBO. I'll be available to assist you at any time. Keep safe.

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