Hi samartinez0728,
Thanks for reaching out in Community. Welcome! In addition to adding and matching transactions, QuickBooks Online has awesome feature for adding rules that automatically categorizes recurring transactions. I'd be glad to assist!
When you have expenses that are paid on a monthly basis, you can add a bank rule. All transactions will automatically be matched/categorized based on that rule to save time and speed up the review process. Here's how to get started:
1. Create a bank rule by going to the Banking or Transactions menu and then select the Rules tab at the top of the page
2. Click on New Rule
3. Enter a Name in What do you want to call this rule?
4. In the Apply this to transactions that are ▼ dropdown, select Money in or Money out
5. Select the bank or credit card account from the In ▼
6. Add your rule conditions. One rule can have up to 5 conditions.
7. Set and include the following, then select + Add a condition.
8. Specify what the rule applies to, in the Conditions fields
9. Choose your settings for the rule, such as, Transaction type, Category, Tax, Tags and the Payee
10. Toggle On to Automatically confirm transactions this rule apples to
11. When you're finished, Hit Save
That's it! Any transactions that apply to this rule will be matched and you'll find them in the Categorized tab.
For future reference to set up bank rules in QuickBooks Online, click here.
Please don't hesitate to reach back out if you have any additional questions. We're happy to help!
