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Leon D
Level 2

bank transaction rules

Hi community,

I'm trying to set up a rule for allocation certain bank transactions automatically.  The transactions are always for the same dollar amount and are made up of 3 parts.

- money in for service

- money in for sales tax

- money out for merchant fee

The net amount is always the same.  The rules seem to only work by allocating a % of funds to different accounts but don't allow me to add a negative % for money flowing the other way even if everything adds to 100%.  

Is there a way around this limitation?

Thank you.

Leon

1 Comment 1
GebelAlainaM
QuickBooks Team

bank transaction rules

We're pleased to receive your concern here in the Community, @Leon D. We appreciate the detailed information you've shared about the option to add a negative % in setting up your bank rules in QuickBooks Online (QBO). Let us share more details about this matter.

 

We understand the importance of utilizing our program without issues, especially using the bank rules feature.

 

Yes, you're correct that the option to add a negative % when utilizing the bank rule feature is currently unavailable. We recommend sending feedback to our product development team so they can add it in future product updates. 

 

Here's how:

 

  1. Click the Gear icon and select Feedback.
  2. Enter your comments or suggestions.
  3. Then hit Next.

 

Additionally, you may check this article to learn more about managing bank rules in QBO: Set up bank rules to categorize online banking transactions in QuickBooks Online.

 

We'll also add these articles below to guide you with matching and categorizing your transactions and reconciling your account moving forward:

 

 

The Community is always here if you have other queries about managing your business in QuickBooks. Keep safe always, @Leon D.

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