Is it okay from a bookkeeping standpoint that ALL my transactions be labeled as "cash" transactions? This would be false because I barely use any cash. I use my bankcard.
Thank you for your response. From what I understand from your response is that the type of transaction does not matter, it’s the category that matters correct? So it’s ok to have all my transactions labeled “cash” even though it’s false.
The only reason I ask this is because I do NOT have online banking. I don't have a login or anything for my bank account. I do not use my banks website. I have CSV files that I plan to upload, but all the transactions appear under “cash.” Like I said before this would make everything in my quick books “cash” even though that is a lie. I would definitely prefer my transactions to be labeled “account”
Why is there not a manual way to add an “account” without having to connect to the bank? I'm pretty surprised that QuickBooks heavily relies on bank account online connection without having a simple option of adding an "account" manually that has "account" transactions.