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Hello,
I'm new to QBO and trying to understand how to categorize things a little better.
It seems that categories in the Banking section are different than those in the Expenses section. I used my checking to pay contractors, but I don't see a category for this under Banking, and I'm not sure whether it's a good practice to create a new category for this, since it already exists elsewhere.
Any tips on this?
Hello mzadc,
Welcome to the Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.
Recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here. Otherwise, feel free to check out this article here with more info on how to: Categorize and match online bank transactions in QuickBooks Online.
Feel free to keep us posted on how you make out. I'll be one message away.
You will create an expense first. Then you will choose which bank account the payment comes from.
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