Categorise bank transactions in QuickBooks Sole Trader

Learn how to categorise the transactions you download from your bank in QuickBooks Sole Trader.

After you connect your bank and credit card accounts, QuickBooks Sole Trader automatically downloads the latest transactions and categorises them based on how you, and other customers, categorised similar transactions.

In rare cases, QuickBooks Sole Trader may not auto-categorise or miscategorise your transactions. Here’s how you can get the latest bank transactions, and select the right category for your bank transactions to accurately represent your income and expenses.

Step 1: Download the latest bank and credit card transactions

1. Go to Transactions.
2. Select Refresh.

Step 2: Review and categorise downloaded transactions

1. On the Transactions page, review your downloaded transactions for accuracy. Select the Type column header to sort your Business and Personal transactions.
2. For any transactions with the wrong or no category:
   1. From the Category column, select the one you want to change.
   2. From the dropdown ▼, select a category that best describes the reason for the transaction.