Hey there, @Kyle C.
I'd be glad to share insights about downloaded transactions in QuickBooks Self-Employed (QBSE).
How transactions are reflected in the Transactions menu depends on data submitted by your bank. Since the deposit is showing as an expense instead of income, I'd suggest excluding it. This way, QuickBooks won't include it as part of your tax calculations or financial reports. Here's how:
On a web browser
- Go to the Transactions menu.
- Find the transaction you want to exclude and click it to expand the view.
- Select the Exclude this transaction checkbox.
- Click Save.
On an iPhone or iPad (iOS) or Android phone or tablet
- Go to the Transactions menu. On Android, select the menu ☰ icon and then Transactions.
- Click the transaction you want to exclude.
- Select Exclude transaction.
To keep your bank data updated, you can manually import the correct transaction using a CSV file. When you're done, review and categorize your transactions to put them in your accounts.
In addition, you can create and manage category rules to quickly categorize common expenses and income in QBSE.
If you have follow-up questions about managing downloaded banking transactions, just add them to the thread. I'd be happy to assist you further.
