We have 3 companies tracked by classes. They each have bank accounts and I would like to automatically assign classes. by bank rather than going into each transaction?

Yes, you can create a rule to automate assigning a class to each transaction by bank, @critdement.

When creating a rule, you need to choose whether it is for Money in or Money out. You can create two rules if you want to assign a class for both.

Here's how:

1. Go to the Gear icon and choose Rules.
2. Click New Rule.
3. Enter the name of the rule.
4. Choose either the rule is for Money in or Money out.
5. Hit the dropdown arrow to select the specific bank account by ticking the check box.
6. From the Then Assign section, if you cannot see the option to add a Class, click the +Assign more.
   
   
    
7. Choose the Class from the dropdown menu.
8. Hit Save.

QuickBooks automatically applies your rules to transactions in the For Review tab.

Here is an article to help you manage your rules in QuickBooks Online: Set up bank rules to categorize online banking transactions in QuickBooks Online.

If you need help setting up rules in QBO, you can reach out to our QuickBooks Live Expert Assisted team. They offer helpful tips and efficient support.

Leave a comment below if you have any additional questions about bank rules in QuickBooks Online.