I can help you categorise VAT refunds from your bank feeds in QuickBooks Online (QBO), @natasha5.
Keeping your entries categorised helps ensure they’re added to the correct accounts and helps maintain your book’s accuracy. To categorised a transaction, here are the easy steps you can take:
- Go to the Transactions menu and select Bank Transactions.
- Tap the bank account tile where the VAT refund is posted.
- In the For Review tab, click the transaction to expand.
- Click the Categorise radio button and assign an account from the Category section. Select the account where the refund is associated, if you’re unsure you can consult your personal accountant.
- Once done, click Confirm.
Moreover, I added this article for further guidelines about categorizing entries and reconciling your bank. This is to keep your records accurate:
I’ll be delighted to assist you further in managing your transactions or any QuickBooks-related topics. Tap the Reply button to post them here, the comment section is always open for your query. Take care!
