Let me help you with categorising bank transactions, Bexthom.
We can create rules that automatically categorise transactions for you. The more QuickBooks uses your bank rules, the better it gets at categorising, and it can even scan transactions and add details like payees. Let me guide you on how:
- Go to Bookkeeping and select Rules.
- Tap New rule.
- Enter a name in the What do you want to call this rule? field.
- From the Apply this to transactions that are dropdown, choose Money in or Money out.
- From the In the dropdown, select the bank account.
- Set the rule conditions. You can set a single rule with up to 5 conditions. Set and include the following, then select + Add a condition.
- In the Conditions fields, specify whether the rule applies to Description, Bank text, or Amount. Then tap Contains, Doesn't contain, or Is exactly to decide how QuickBooks applies the rules.
- Select the settings for the rule. Select the Transaction type, Category, Tax, Tags, and the Payee to apply.
- Press Save.
QuickBooks automatically applies your rules to transactions in the For review tab and these are the ones you need to review every day. Here's an article you can refer to for more details about setting up bank rules to categorise online banking transactions in QuickBooks Online. About duplicate transactions, you can exclude them from the Banking page to get rid of them.
Feel free to visit our Banking page for more insights about managing your bank feeds and reconciling accounts.
You can always update us on the result after performing the recommended solutions as I'd like to ensure this is resolved for you. Just leave a comment below and I'll get back to you. Have a great day ahead.
