You can reclassify transactions in QuickBooks online, but the steps are a bit different. Let’s come to the online version of QuickBooks.
#RECLASSIFY IN QUICKBOOKS ACCOUNTANT ONLINE HOW TO#
Read More: How to Export Transactions to Another Company File in QuickBooks? Reclassify Transactions in QuickBooks Online Select the class to which you move all the selected transactions.
Note: Accounts using accounts payable contain transactions that cannot be reclassified. Go through the transactions and check for any anomaly or error.Now, go to the Show transactions drop-down.Go to the Transactions section, and Click on the Name drop-down.Select an account to view the transactions in the right pane.In the dropdown menu, select the account type.In the Accounts section, click on the View option.Here how you can use this tool to reclassify transactions in QuickBooks. Read More: How to Import Bank Transactions into QuickBooks Desktop? Step #2: Review Recorded Transactions Once you’ve found Reclassify Transactions, click on the drop down menu titled Status and select In Progress.Choose a date range that includes the transactions you want to review.To select a fiscal year in which you want to reclassify transactions, follow the steps provided below: Until you select a fiscal year, you won’t be able to use the tool to check for any erroneous transactions. Selecting a fiscal year is important for reclassifying transactions. Reclassify Transactions in QuickBooks Desktop Screenshot – Reclassify Transactions Step #1: Choose the Fiscal Year All the wrong accounts or classes associated with a transaction can be quickly discovered and corrected using this tool. By easily reclassifying transactions, you can set your clients book for tax purposes. You can use the reclassify transactions tool available in QuickBooks Desktop Accountant, Accountant Enterprise, and Enterprise to get the task done.