cancel
Showing results for 
Search instead for 
Did you mean: 
kellyannjackson5
Level 1

If I have bank transfers that show as uncatergorized assets can I change them to expense, contractor? we paid a subcontractor by transferring money into his account.

 
1 Comment 1
Rasa-LilaM
QuickBooks Team

If I have bank transfers that show as uncatergorized assets can I change them to expense, contractor? we paid a subcontractor by transferring money into his account.

Welcome to the Online Community, kellyannjackson5.


Let’s exclude the bank transfer and then manually create an expense to record the entry. With just a few clicks, you can easily perform this task in QuickBooks.


To exclude:

 

  1. Go to the Banking menu on the left panel and select Banking to access the Bank and Credit Cards page.
    transfer2.png transfer3.png
  2. From there, choose the bank you’re working on.
  3. Under the For Review column, mark the box of the entry and then click the drop-down for Batch actions to select Exclude Selected.
    transfer4.png


Here’s how to enter an expense:

 

  1. Tap the Plus icon at the top and pick Expense under the Vendors section.
  2. On the Expense page, enter the correct vendor by clicking the Payee drop-down and the payment account.
  3. Enter the appropriate date and method used to pay the transaction.
  4. Under the Category/Enter details sections, input the account or item in the field box and the amount.
  5. Click Save to keep the changes.

 

For additional resources, check out the following article. It provides an overview of how to move funds between two accounts: Transfer funds.

 

Let me know if you have further questions about QBO. I’m here ready to help and make sure you’re taken care of. Have a great rest of the day.

 

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up