Let me provide details about expenses displayed in deposits while reconciling in QuickBooks Online, Frankyg1235.
QuickBooks only depends on the data shared by your bank. If the transactions are downloaded directly from your bank, you won't be able to change them. To correct this, you can exclude deposits and manually import the expenses using Web Connect. For accurate transaction mapping, use this reference: Format CSV files in Excel to get bank transactions into QuickBooks.
Please note that you can't convert deposits to expenses during the reconciliation. For manually added deposits, you must delete and create them as expenses.
Here's how to delete:
- Go to Transactions in the left panel and then click Reconcile.
- Click the deposit you want to delete and select Edit.
- Select More. Then, Delete.
To recreate a deposit as an expense:
- Navigate to the Transactions menu and select Chart of Accounts.
- Find the account and click the View register.
- Click the drop-down arrow under the Date column and select Deposit.
- Enter the necessary details and ensure it is similar to what you have in your bank statement.
- Click Save.
For future reference, you can check this article if you counter issues after the reconciliation: Fix issues at the end of a reconciliation in QuickBooks Online.
Feel free to reach out if you have any further questions about reconciliation in QBO. Have a great day.
