Thanks for the detailed response and for sharing the process of how you categorize the banking transactions, Andrew7. I'd like to provide some additional context to make sure the expenses and transfers handled correctly.
When transactions are downloaded and subsequently matched or approved, the system automatically adds them to the bank register. During this process, you'll be able to assign categories to each transaction, classifying them as either income or expense accounts.
Here's an article that talks about this process in details: Add and match transactions in QuickBooks Desktop for Mac.
For manually added transactions, you can indicate it in the Account field when recording checks, credit card charges, or expenses. You can read more details about this in page 163 of this user guide: QuickBooks Mac Plus User's Guide.
Once recorded, they would automatically flow into their respective accounts when running a Profit and Loss report. For transactions that are tagged as Transfer, they would show in both the originating and receiving accounts.
To ensure that transfer transactions are categorized accurately, I suggest reaching out to our dedicated phone support team. They can start a screen-sharing session, enabling them to review transactions in real time and confirm that they are properly classified and accurately reflected in your financial documents.
Here's how to reach out to them:
- Go to this link: https://quickbooks.intuit.com/learn-support/help/en-us/contact-us.
- Select QuickBooks for Mac, then click Continue.
- Choose Contact Us at the bottom of the screen.
- Enter a brief description of your concern and click Continue.
- Choose between Chat or Callback.
Let me also share this article for additional resources when using the Online Banking feature: Fix online banking issues in QuickBooks Desktop for Mac.
Please remember that we're always available to assist you. Whether you have questions about banking transactions, need help interpreting financial reports, or require guidance specific to QuickBooks Desktop for Mac, we're committed to ensuring your experience is smooth and your financial data remains accurate.
