How do i delete a transfer and make it an expense

I've got you covered, @barkncat.

Follow the steps below to delete a transfer and recreate it as an expense:

Delete a Transfer Transaction

1. From QuickBooks Online, navigate to the Accounting tab and the Chart of Accounts section.
2. Find the bank account holding the Transfer and select View Register.
3. Locate the Transfer in the transaction list below. If necessary, use the Filter (funnel icon) to narrow the list.
4. Make a note of the Date, Amount, and Accounts involved. Click the Transfer and select Delete.

Recreate the Transfer as an Expense

1. Click the Plus (+) icon and select Expense.
2. Select the same Date and Account (money-out) that were used in the transfer.
3. Choose an Expense account for the transaction, and assign the noted Amount.
4. Click Save and close.

We also offer a guide on deleting transactions that I'm sure you'll find helpful. I'm including a brief video demonstration of this process in which I delete a $500 Transfer and recreate it as an Expense below:

By following these instructions, you'll have that Transfer recreated as an Expense in no time. Please keep in touch with me here should you need any additional assistance, I'm always around to talk QuickBooks. Thanks for coming to the Community, cheers to great success in 2019.

@barkncat

If it's a transaction created from the Banking > For Review tab.
Go to the Banking > For Review tab again. Switch tab from "For Review" to "In QuickBooks" tab. Locate the transaction in question, click UNDO.

Now go back to the "For Review" banking tab again, click the transaction row you want to switch from transfer to expense. You will see three radio buttons (Add, Match, Transfer). Select "ADD" radio button and categorize Expense account you want.

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@MichaelDL wrote:

I've got you covered, @barkncat.

 

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You failed to consider the possibility that the asker was asking about the bank feed

I've got the same problem.  Everybody talks about an Undo button.  I only have a Transfer button.

Thank you for coming to the thread, @AgileScottie.

I can provide you steps on where to locate the Undo button.

1. Click the Banking tab in the left navigation bar.
2. Make sure the correct account that you need to work in is highlighted in blue at the top of the page.
3. Find the In QuickBooks tab.
4. Place a check mark in the box(es) for the transactions you'd like to undo.
5. Choose the Undo button that appears at the top of the list.

These transactions will then be moved back to the For Review section.

I’m including an article that will help you about downloading, matching, and categorizing your bank transactions.

https://quickbooks.intuit.com/learn-support/en-us/bank-feeds/download-match-and-categorize-your-bank...

If you have any other questions don’t hesitate to come back and leave a comment.

Thanks for the response. I found out you can't get an Undo button until the transaction is reviewed.  I only had a Transfer button in the Review pane.  What I really wanted to do was create the expense from the transaction which I couldn't figure out.  However I found a workaround which was to first manually create a matching expense.  Once the expense was there QBO identified the transfer and the expense as matching which I accepted.  Don't know if this was the best way or not but worked for me.

Hello!

What if the month where the incorrect transfer transaction was already reconciled? Will I undo reconciliation and undo reviewed (delete), add again for review (create expense), whichever is possible, and then I will reconcile again? I am reviewing a financial statement and I found this error. Could it be adjustment be the best solution for this? Highly appreciate your better ideas/suggestion to solve my problem.

I'd like to explain how it works, Vaolivas051909. 

We're unable to make some adjustments since they're reconciled transactions. The only way is to undo the reconciled transactions, undo the downloaded transaction, review, and add it again. Then, reconcile them again. 

Let me share some helpful articles:

• Undo and remove transactions from reconciliations in QuickBooks Online
• Unmatch or move bank transactions after reviewing them
• Reconcile an account in QuickBooks Online

Feel free to let us know if you have additional questions. We're open 24/7 to help you.