Transactions

I understand that it’s been time-consuming for you to import your bank transactions in QuickBooks Self-Employed (QBSE), @Kyle N.

My colleague is correct that once the transactions are imported, there’s no way we can delete them. Instead, we can exclude them from the application and re-import the file with the correct entries. Since they were imported as an income, we’ll need to redo the process to make sure transactions will reflect as an expense.

Considering the file format, let’s make sure to check what format we’re using to determine how the transactions will be imported. You can choose to have it in either a 3-column format or a 4-column format. I’ll add the snapshot below for your reference:

The 3-column format:

The 4-column format:

On the other hand, if you’re using the 3-column format, you’ll have to enter the amounts in negative. This way, the entries will get into your bank feeds as an expense. For the 4-column format, you’ll need to determine if the amounts are income or expense by adding them under a Credit or Debit column.

Once you’re done sorting out your file, please follow the steps outlined by my peer, MirriamM, to begin importing them into your company file. 

Additionally, here's a helpful resource you can look through to learn more about putting the transactions to the correct line of your Schedule C in QBSE: Categorise transactions in QuickBooks Self-Employed.

Feel free to let me know if you need any further assistance with importing files or any QuickBooks-related matters by posting them here. Have a great day!