Reclassify Transactions
The reclassify transactions feature is not a new feature. However, in the past it was only available for accountant users and now it is available to Admin users who have a QBO Advanced subscription. Reclassify transactions allows you to modify a batch of transactions all at once. For example, if you find that the expense account for checks written to a vendor have been categorized incorrectly you can use the reclassify transactions feature to make the correction for a batch of checks at once.
Follow the steps below to access the reclassify transactions feature:
Click on the Gear icon and select Reclassify transactions as shown below:
The following screen displays:
- A brief explanation of the information required in this screen is as follows:
- Account types: From the drop-down, you can select profit and loss accounts or balance sheet accounts. If you need to reclassify accounts that are both profit and loss and balance sheet accounts, you will need to do them...
