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thaitouchasianfusion
Level 1

How to change number that show income to be loan capital

How to change number that show income to be capital number

1 Comment 1
Jessavell_A
QuickBooks Team

How to change number that show income to be loan capital

Welcome to the Community space, @thaitouchasianfusion. Based on your message, it sounds like you want to reclassify a transaction so that the numbers or figures you're seeing are classified as loan capital rather than income in your QuickBooks Online (QBO) account.

 

If you're on the bank transactions page and the transaction you want to edit has already been Categorized, you'll have to undo the categorization first by clicking on Undo under the Action column. This will move it back to the For review tab.

 

If the transaction is already in that tab, you can reclassify it to the correct account. However, please note that you can't edit the transaction amount, as it is based on the amount provided by your bank to QBO.

 

Please note that recording a loan as capital for your business is a complex process that may require a journal entry, as it will affect multiple accounts. Therefore, I recommend consulting an accountant for further guidance on this process.

 

If you have any additional questions, please feel free to revisit this thread.

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