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W
WJOFWOMEO
November 12, 2018
Question

Expenses showing as deposits

  • November 12, 2018
  • 30 replies
  • 89 views

Expenses are showing as deposits

    30 replies

    D
    David-212915
    Level 5
    November 12, 2018

    Hi @WJOFWOMEO,

     

    It's nice to have you with us in the Community today. I'd be delighted to assist you with the expenses that are showing as deposits. 

     

    Just to clarify, could you please let me know where you're seeing the expenses as deposits? For example, are these expenses being downloaded from your bank and appearing incorrectly on the For Review page? This information will help to ensure that the quickest resolution is provided so that you're able to get back to business.

     

    I'll be keeping my eye open for your response. Have a good one. 

      B
      BInc
      March 21, 2019

      Hi, I had this same issue. After uploading transactions from my bank, everything is being noted as a deposit on the Banking/For Review list, even if it's an expense. How can I edit these transactions to show as expenses and not deposits?

      AlcaeusF
      AlcaeusF
      Level 14
      March 21, 2019

      Thanks for joining the thread, BInc.

       

      The transactions that will download in QuickBooks will depend on the financial data shared from your bank. You can exclude the expenses showing as deposits on the For Review tab and manually enter the transactions.

       

      Here's how:

       

      1. On the left panel, click Banking.
      2. Go to the Banking tab.
      3. Choose an account.
      4. Go to the For Review tab.
      5. Put a check mark beside the transactions.
      6. Click the drop-down arrow next to Batch actions.
      7. Select Exclude Selected.

      Please note that you're unable to edit the deposits from your bank showing on your Bank Feeds. In case you need some visual reference, I'm adding a screenshot on this:

       

       

      If possible, I also recommend sharing the name of your financial institution to check if there are reported cases from other users.

       

      Please don't hesitate to add any additional information or screenshots If you need further help on this. I'll keep an eye out on your response with your banking issue.

      B
      BInc
      March 21, 2019

      I downloaded transaction from my bank and uploaded them into QB. All transactions are showing up on the Banking/For Review Screen list as deposits. Most of these transactions are expenses, not deposits. How can I edit these to not show as Deposits?

      J
      Joebritt2
      January 5, 2021

      Some of my expenses are being recorded as income

      MonicaM3
      MonicaM3
      Level 5
      January 5, 2021

      Hey @Joebritt2,

       

      Thanks for reaching out to the QuickBooks Community! I see that some of your expenses are recording as income. Can you tell me a little more about where you are seeing this? If you can, screenshots of the expenses that are recording as income would be really beneficial to figure out what’s going on. 

      When you look at your Chart of Accounts, are the account types showing Expense?

       

      I’ll be looking for your response so we can get you fixed up! Chat soon and take care!

      L
      Learning2A
      January 13, 2021

      Hello - my first time using Quickbooks, I uploaded the credit card CSV and the amounts weren't shown as negative.  I didn't change before uploading.  Now all my expenses are showing as deposits.

       

      How can I change this please?? 

       

      Thanks

      L
      Learning2A
      January 13, 2021

      They didn't come up in the review section either.

      Kristine Mae
      Kristine MaeModerator
      Moderator
      January 13, 2021

      Let me help you sort this out, Learning2A.

       

      You're unable to change the imported transactions. You'll have to exclude them so they'll not be added.

       

      If you're unable to see them in the For review tab, try to check them in the Categorized tab. Then, undo them so you can re-import the transactions. Here's how:

      1. Select the transactions in the Categorized tab.
      2. Click Undo.

      They'll be transferred to the For review tab. You'll have to undo them again so they'll not be added. Here's how:

      1. Select the transactions.
      2. Click Exclude.

      You can also check this article for more information: Exclude a bank transaction you downloaded into QuickBooks Online.

       

      Then, you can delete them permanently. Here's how:

      1. Click Banking, then go to the Banking tab.
      2. Go to the Excluded tab.
      3. Select the excluded transactions.
      4. Click Delete.

      Next, you can import the transactions and ensure the credit card transactions are negative. 

       

      Once done, you can already categorize the transactions. 

       

      Let us know if you need more help with your concern. We're just one comment away. Take care!

        R
        richard50
        October 21, 2023

        I have the reverse challenge, where a transfer from a deposit to current account has been categorised as an expense, and I can't see how to change that. 

        A
        ArielIQuickBooks Team
        QuickBooks Team
        October 21, 2023

        Hello, @richard50.

         

         Since you've already categorized those transactions in QBO, we can manually Undo them from the Categorized tab. I'll show you how:

         

        1. Go to Banking from the left menu and click the Banking tab.
        2. Choose the tile for the bank or credit card account you downloaded the transaction.
        3. From the Categorized tab, find the transaction you want to unmatch.
        4. Click Undo from the Action column.

         

         You'll also see this article on dealing with transactions in QBO: Categorize and match online bank transactions in QuickBooks Online.

         

         This article will be useful for your further help and you can read this article at any time:  Reconcile an account in QuickBooks Online.

         

         Please send us a message if you have any further questions, and we'll do our best to answer as soon as possible. Take care!

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