How to Reclassify Transactions with QuickBooks Online Accountant - dummies

How to Reclassify Transactions with QuickBooks Online Accountant

By Elaine Marmel

When you choose Reclassify Transactions from the Accountant Tools menu in QBOA, the Reclassify Transactions page appears. You can use this page to reclassify transactions without worrying about the company’s closing date.

Use this page to reclassify transactions.
Use this page to reclassify transactions.

You use the information in the gray areas of the Accounts section on the left side of the page and the Transactions section on the right side of the page to filter for the date range and type of accounts you want to consider. You then select an account on the left side of the page, and QBOA displays transactions that meet the criteria on the right side of the page. You can reclassify, individually or as a group, transactions that display a green circle.

Follow these steps to reclassify transactions:

  1. On the left side of the page, set the date range you want to consider, along with the accounting basis.

  2. From the View list box, select the type of accounts you want to consider — Profit and Loss accounts or Balance Sheet accounts.

  3. Click an account in the list below the View list box to examine that account’s transactions.

    The transactions in the account appear on the right side of the page.

  4. Above the list of transactions on the right side of the page, set filters to display the types of transactions that you might consider reclassifying.

    You can make changes to transactions that display green circles.

    You can click a transaction to open it in its transaction window and then make changes to it.

  5. To change several transactions simultaneously, select them by clicking the check box beside them.

  6. At the bottom of the page, select the For Select Transactions, Change check box.

  7. From the Account to list, specify a different account.

  8. Click the Reclassify button.