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Khrystalblue
Level 1

OWNERS Investment, personal deposit from seperate job went into QB biz account and needs to be excluded

A pay check deposit from a seperate outside job got mistakenly catagorized as OWNERS INVESTMENT, and needs to be excluded,otherwise it is going to be counted as income in Quickbooks and has already been taxed through the employer payroll,  how do I make this either excluded or not show up.  It was mistakenly catagorized from the bank feed as owners investment. The outside employment income is deposited in the business account by the owner of the Quickbooks business account.  I'm just the bookkeeper 🤔

Solved
Best answer March 27, 2022

Best Answers
JoesemM
Moderator

OWNERS Investment, personal deposit from seperate job went into QB biz account and needs to be excluded

I'm here to help you correct those transactions, @Khrystalblue.

 

You can Undo the bank transactions and Exclude them. This way, they'll be visible in the For Review tab and you can exclude them from there. I'll show you how.

 

Here's how:

 

  1. On the left panel, click Banking.
  2. Click the In QuickBooks tab.
  3. Put a checkmark on the transactions you want to undo.
  4. Click the Undo button.
  5. Go back to the For Review tab, locate and select the transaction you've removed from the Categorized tab, then select Exclude.

 

After excluding these transactions, you can delete them in the Excluded section. Here's a link for reference: Exclude a bank transaction you downloaded into QuickBooks Online.

 

Also, you have the option to re-categorize them to the correct account. When everything looks good, you might want to read these resources for references. These contain details on how to seamlessly match your transactions and reconcile your accounts:

 

 

Please know that you're always welcome to drop by here in QuickBooks Community if you have any other concerns. I'm always here to help. Stay safe, @Khrystalblue.

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2 Comments 2
JoesemM
Moderator

OWNERS Investment, personal deposit from seperate job went into QB biz account and needs to be excluded

I'm here to help you correct those transactions, @Khrystalblue.

 

You can Undo the bank transactions and Exclude them. This way, they'll be visible in the For Review tab and you can exclude them from there. I'll show you how.

 

Here's how:

 

  1. On the left panel, click Banking.
  2. Click the In QuickBooks tab.
  3. Put a checkmark on the transactions you want to undo.
  4. Click the Undo button.
  5. Go back to the For Review tab, locate and select the transaction you've removed from the Categorized tab, then select Exclude.

 

After excluding these transactions, you can delete them in the Excluded section. Here's a link for reference: Exclude a bank transaction you downloaded into QuickBooks Online.

 

Also, you have the option to re-categorize them to the correct account. When everything looks good, you might want to read these resources for references. These contain details on how to seamlessly match your transactions and reconcile your accounts:

 

 

Please know that you're always welcome to drop by here in QuickBooks Community if you have any other concerns. I'm always here to help. Stay safe, @Khrystalblue.

Khrystalblue
Level 1

OWNERS Investment, personal deposit from seperate job went into QB biz account and needs to be excluded

Thank you SOOOOOO much!

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