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July 4, 2020
Question

I have expenses from American Express transferred over to quickbooks. Some are personal and not business related. How can I exclude them from my expense log?

  • July 4, 2020
  • 1 reply
  • 5 views
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1 reply

Moderator
July 4, 2020

I'll help you exclude these transactions in QuickBooks Online (QBO), @lbass32179.

 

Here's how:
 

  1. Click Banking.
  2. On the Banking page, select the For Review tab.
  3. Select the checkboxes of the transactions to exclude.
  4. From the Batch actions drop-down, choose Exclude Selected.

 

These transactions will be listed on the Excluded tab for reference or review, but are not tracked or reported as part of your business finances and don't appear in any associated account registers or reports.

 

In case you have accidentally excluded a transaction, you can easily include it again:

 

  1. Go to the Banking menu.
  2. On the Banking page, select the Excluded tab.
  3. Click the checkboxes of the transactions to include again.
  4. From the Batch actions drop-down, choose Undo.

 

The transactions are returned to the For Review tab where you can categorize, add, or match the transactions again.

Please take note that if you exclude transactions for personal expenses, your bank register won't reconcile because the bank balance and the QuickBooks balance will no longer match.

 

You'll want to check out this article on how you can handle your personal expense in a business account in QBO.

 

I'm always here to help if you have any other concerns or questions. Just tag my name in the comment section and I'll get back to you as soon as I can.