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Uncategorized Income/Expense is an account made up by QuickBooks for the bank feed process. By default, the program automatically assigns all the entries that had no account entered to this account.
To isolate this issue, you can also double-click the amount of the Uncategorized Income to show its related transactions. Then, recategorize the entries. Here's how:
- Select Reports from the top menu bar.
- Go to Company & Financial.
- Choose Profit and Loss Standard.
- Set the desired reporting date and accounting method.
- Double-click the amount of the Uncategorized Income, then open each transaction.
- Select the appropriate income account, then click Save and close.
Moving forward, if you ever see Uncategorized Income in the Account column, you should select the appropriate category to avoid discrepancies in your reports.
Additionally, here are some articles that you can read to help speed up the reporting process in QuickBooks:
Do let me know if you have any other questions or concerns by dropping a comment below. I've got you covered.