Will my categorized transactions disappear if I disconnect the related bank account from QB self employed?

Hi maryrosen. Thank you so much for the explanation. I haven't put your advice into practice yet because my client doesn't have his business account yet. As soon as he does, I will try your suggestion and mark it resolved then. But just to double check: the categorized transactions will stay in QBSF if I hide the account, but they will disappear if I disconnect the account. Is that right?

I really appreciate your help.

Elena

I appreciate you for getting back to this thread, @ElenaP1.

Let me jump in and clear things up for you.

You're right. What my colleague meant is that if you hide the account, the categorized transactions will stay in your QuickBooks Self-Employed. Nevertheless, they will disappear if you disconnect your bank from the software.

To gain more insight into this, you may want to review this resource: Delete bank and transaction data in QuickBooks Self-Employed.

Moreover, I'll be adding the following articles to help manage your transactions and create custom categories in QBSE: 

• Overview of QuickBooks Self-Employed
• Custom categories in QuickBooks Self-Employed.

If you require additional clarification on categorizing transactions in QuickBooks, please let me know. The Community is always available to assist you with any concerns you may have. Stay safe!

Great! Thank you for the details and links. This really helps.

Elena

I am working with a client that has quickbooks self-employed and was having issues with his bank account disconnecting. After he had tried to reconnect without success we then disconnected it to then try to reconnect. It really really would have been nice if there was a warning notifiying us that all categorized transactions would be deleted if we continued to disconnect. Now all transactions for the previous year 2022 and first 5 months of 2023 are gone. This is the first I have worked with self-employed but I wont be forgetting this painful lesson. 

I'd also feel the same way when transactions were deleted, @cmrockwell. I'm here to help you fix this to retrieve those in QuickBooks Self-Employed. 

When removing a connected account, a prompt message will appear before disconnecting. 

Please know that it is important not to delete the bank connection. Once deleted, all connections will be gone permanently. Since those were already gone, you'll want to reconnect it again and manually add those transactions.  

Once you're ready to import, here's how: 

1. Go to Settings ⚙ and select Imports.
2. Click Import older transactions for the account you want to add transactions to.
3. Select Browse and find the file you downloaded from your bank. It's usually in your Downloads folder.
4. Tick the file and select Open to start the import.
5. Review the column headers and data. Make sure the Date, Description, and Amount columns on the CSV match the columns and order in QuickBooks. The other column headers can be in any order.
6. Hit Continue to complete the import.

For a more detailed step-by-step process of adding your transactions, you can refer to this article: Add older transactions to QuickBooks Self-Employed. 

Once settled, these articles can help you seamlessly organize them: 

• Categorize transactions in QuickBooks Self-Employed
• Create rules to speed up reviews in QuickBooks Self-Employed

Keep me posted if you still have questions or concerns about your transactions in QBSE. I'll be around for you.