![]() There is no need to delete them and start over. If you accidentally recorded transactions to uncategorized expenses, you can easily edit the expense transactions. ![]() What Josh should have done, is to review the Account Category for each account and select the correct account before clicking Add, as shown in the GIF below. In this case, Josh forgot to review the account category and accidentally recorded dozens of transactions to Uncategorized Expense. ![]() Normally, new and untrained QuickBooks Online users click “Add” on a transaction before reviewing the Account Category. In that case, QBO assigns the Uncategorized Expense account to amounts paid. When banking transactions are downloaded into QuickBooks Online, QBO can’t always figure out how to categorize the transaction. Uncategorized expenses…it all starts with banking transactions downloaded from your bank or credit card account. Have you seen this in your Profit & Loss report? Let’s find out what really happened.Įrror #1 – Uncategorized expenses in QuickBooks Online She can’t figure out what’s wrong and neither can Josh. Madison reviews the financials and notices some problems. Madison has scheduled a tax planning meeting with her tax advisor and needs up-to-date financial reports in preparation for the meeting. One of Madison’s support staff, Josh, does the bookkeeping tasks for the company using QuickBooks Online. Her company is growing and she needs timely insights into the financial aspects of her business. Madison is the owner of a creative agency and has 3 employees and 5 contractors.
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