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stewart4
Level 1

Can you reclassify a transfer as an expenses

Mistakenly treated expenses as a transfer is it possible to change
1 REPLY 1
RaymondJayO
Moderator

Can you reclassify a transfer as an expenses

Glad to have you here in the Community, @stewart4

 

I'll share the options on how to reclassify your transfer to an expense. 

 

If you used a cheque when transferring funds, you can go to the Expenses page. Then, open the Cheque and reclassify the category details. Please see the screenshot below for your reference. 

 

ChangeCategoryDetails.PNG

 

If you transferred funds between two accounts using the Transfer feature, there's isn't an option to reclassify it to an expense. As an alternative, you can delete the transfer on the bank register (see the screenshot below). Then, create create an expense for the transaction.

 

DeleteTransfer.PNG

 

For more information, here's a great article you can refer to: Transfer Funds Between Accounts

 

If this is a downloaded bank transaction, you can change the transaction type from the Banking page. Here's how: 

 

  1. Go to Banking from the left menu. 
  2. Select the For Review tab.
  3. Find and click the transaction to open it.
  4. Select either the Add or Find Match radio button to clear the Transfer radio button.
  5. Choose the expense category.
  6. Click Add or match the transaction.
  7. Select Save.
     

You can check out this article for more details: Add and Match Downloaded Banking Transactions

 

The options above will help you get back to business in no time, @stewart4

 

I'll be around to help if you need anything else. Have a good one. 

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