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Level 1

I think there was an update and all of my expenses information is gone or being categorized as profit when it wasn’t. What do I do?

 
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QuickBooks Team

I think there was an update and all of my expenses information is gone or being categorized as profit when it wasn’t. What do I do?

 

Hi there, tsantos.

 

Thanks for checking out the Community space. I'm here to share some information about how product updates work.

 

Generally, the updates that we roll out are improvements, modifications, upgrades, security patches, and add-ons to the software. Additionally, they won't affect the customer's data and transactions. It's possible that those expense transactions were accidentally categorized as profit that's why your records aren't accurate anymore.

 

To fix this issue, you can locate the transactions and then manually assign them to the correct expense category. Here's how to do it:

 

  1. Select Transactions from the sidebar menu.
  2. Tick the checkbox of the appropriate transaction.
  3. Click the Edit category button, then select the correct expense category.
  4. When you're done, select Apply.

I also encourage reading these articles to help better manage your personal and business transactions in QuickBooks Self-Employed:

 

Feel free to reach out to me again with any concerns or questions you may have. Looking forward to helping you out again.

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