Is there a list of categories to use to match up on banking?
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Yes, there is, @rinkeej.
You can go to your Chart of Accounts and see the list of categories you can use to match your bank transactions. To do so, navigate to the Gear icon in your QuickBooks Online (QBO) account and select Chart of accounts.
There, you can see the list of all accounts you can use to categorise your online bank transactions. To help you categorise those transactions accurately, I have here an article that you can use for reference: Categorise and match online bank transactions in QuickBooks Online.
Let me also share this article that can walk you through the process in reconciling your accounts effectively: Reconcile an account in QuickBooks Online.
Please don’t hesitate to post a reply in this thread if you have other follow-up questions about categorising your transactions in QBO. I’d be more than happy to help you out. Have a wonderful day ahead and take care!
Yes, there is, @rinkeej.
You can go to your Chart of Accounts and see the list of categories you can use to match your bank transactions. To do so, navigate to the Gear icon in your QuickBooks Online (QBO) account and select Chart of accounts.
There, you can see the list of all accounts you can use to categorise your online bank transactions. To help you categorise those transactions accurately, I have here an article that you can use for reference: Categorise and match online bank transactions in QuickBooks Online.
Let me also share this article that can walk you through the process in reconciling your accounts effectively: Reconcile an account in QuickBooks Online.
Please don’t hesitate to post a reply in this thread if you have other follow-up questions about categorising your transactions in QBO. I’d be more than happy to help you out. Have a wonderful day ahead and take care!
What about transfers that automatically go from checking into savings once a month? how do i categorize that ?
Hello there, @rinkeej.
Let me step in and assist you in categorizing your bank transactions.
If your two bank accounts are created in QuickBooks, you'll have to create a bank transfer to match these transactions. You can follow these steps on how:
However, if your savings account is not in QuickBooks, then you'll have to create an Owner's draw to match it to your checking account. Here's how:
Step 1: Create an Equity account in your QuickBooks
Step 2: Write a check from an owner's equity account
I've also added an article that helps you reconcile your account in QuickBooks: Reconcile an account in QuickBooks Online.
Please know that I'm always around here in the Community to help. Take care, and have a good day.
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