Limited time. 50% OFF QuickBooks for 3 months.

Buy now & save
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

Reply to message

View discussion in a popup

Replying to:
JeffR_Highlands
Level 1

initial misclassification of transaction

I am new to Quickbooks (but not to accounting concepts):
In my initial categorizing (classifying) of bank account transactions, somehow my owner distributions were classified as an "expense." I have tried to correct those and all of them are now "categorized" as "owner investment" transactions. However, they remain "classified (if that's a distinction and the right word)" as "expense." I need them all to be classified as adjustments to equity / reductions to equity, etc.

However, I can find no functionality in any Quickbooks menu item to do that. Nor can I find anything by googling for how to "correct an initial classification in QB" or "correct distribution from expense to equity in QB," etc

Help!

Thanks, Jeff

Need to get in touch?

Contact us