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williamiain
Level 1

Trying to rencile but odd transactions have appeared in the transactions list - two VAT scale charge transactions (which arent 'real', a transfer etc. Help?

Sorry - reconcile. One of the transactions is a payment to the VAT account (as I paid VAT) and another is a transaction which QB wrongly categorised as a transfer when it was just a payment. I cant edit the transaction type or even see it in my bank register (as I guess it is a transfer?)
1 REPLY 1
ReymondO
QuickBooks Team

Trying to rencile but odd transactions have appeared in the transactions list - two VAT scale charge transactions (which arent 'real', a transfer etc. Help?

It's great to have you here on the Community page, @williamiain.

 

Let me provide the steps on how you can properly record these downloaded transactions to make sure your books are accurate.

 

You can exclude the vat scale charge if you don't want to categorise it in your account in QuickBooks. This way, it won't be included in your reports. Let me show you how

 

  1. From the Transactions menu, click Banking.
  2. In the For review tab, select the checkbox of the transaction you want to exclude.
  3. Click Exclude.

For the transaction that was categorised incorrectly, you can undo and then exclude it. This way, you don't have to match it to the actual payment that you've entered in QuickBooks. Just click the Categorised tab and look for the transaction. Then, select Undo and go back to the For Review tab so you can exclude it.

After this, you can now categorise the rest of your downloaded transactions to the ones that you've created in QuickBooks Online.

 

Finally, reconcile them so that you can close your books. 

 

In case you have more questions or concerns which are related to managing your accounts in QuickBooks, you can go back to this thread. We'll be there to help. Be safe. 

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