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EBFinancials
Level 4
posted
‎December 25, 2018 06:35 PM
last updated ‎December 25, 2018 6:35 PM

How to report test transactions

Our business is an online membership-based one
When we began processing payments we made few initial test transactions with our card
Since then those transactions keep showing as we set them up on recurring
My question is how to report those test transactions. How about creating an account in the Chart Of Accounts named 'Membership and Subscriptions' and classify it under 'Uncategorized Expenses'
Those transactions are included in the Sales Revenue so they must be offset on the expense side.

 

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2 Comments
Rustler
Level 15
‎December 27, 2018 05:46 AM

How to report test transactions

If they are test transactions, why would you want them to continue?

delete the scheduled transaction from recurring transaction

delete the test transactions

 

the file now contains real business transactions

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EBFinancials
Level 4
‎December 27, 2018 10:41 AM

How to report test transactions

@Rustler wrote:

If they are test transactions, why would you want them to continue?

delete the scheduled transaction from recurring transaction

delete the test transactions

 

the file now contains real business transactions

I don't understand the part of:

delete the scheduled transaction from recurring transaction

delete the test transactions

Where and how do I do it in QBO?

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