Banking
I’m here to help you, @Tinyforest.
When you connect your accounts, QuickBooks will automatically download recent transactions, whether personal or business transactions.
If your Venmo account consists of these types of transactions, you’ll want to exclude those personal entries so only business entries will show.
Here’s how:
- Select the Banking menu, then Banking.
- Under For review tab, select the personal entries.
- Press the Exclude button.
The excluded transactions will not appear in any account registers or financial reports.
On the other hand, you can create a separate Venmo account intended for business. This way, QuickBooks will only pull out business transactions.
You can use this information to categorize and match online bank transactions in QuickBooks Online. This helps organize your income and expenses so monthly reconciliation will be accurate.
Don’t hesitate to leave a message if you have other banking questions or concerns. I’ll be here. Always take care!
