Reclassify Transactions from one Balance Sheet account to another
I'm following these instructions to reclassify some transactions. I use Synder App to automatically create sales receipts when I make a sale in Square. It classifies them all under a "Square Bank Account", however I also track cash sales in Square. I'd like to move the cash sales to my "cash on hand" account.
When I use the reclassify tool, all my transactions are showing up greyed out and I can't select them.
There are reasons why transactions are grayed out using the Reclassify Tool in QuickBooks Online Accountant. This includes changing the accounts for sales transactions. Below are the complete lists of reasons why they can't be moved:
You can’t change the payment account (bank or credit card) for expenses.
You can’t change the account or class for inventory adjustments since they’re connected to your inventory shrinkage and asset accounts.
You can change the class for invoices, sales receipts, checks, or bills with items (products or services) on them. However, you can’t change the accounts.
You can change the expense account for billable expenses, but not the income account for the related income transactions.
You can manage your payroll transactions in the Payroll menu.