Absolutely! @starfleetgirl.
You can easily create rules to categorize vendors for specific transactions. Let me show you how to set up these rules effectively in QuickBooks Online.
Rules help automate the categorization and recording of transactions. By setting specific criteria, QuickBooks can automatically classify and record transactions, reducing manual data entry and saving time.
Follow the steps given below:
- Go to the Gear Icon. Located at the upper right corner of the screen.
- Select Rules then tap New Rule.
- Enter the name of this rule field.
- From the Apply this to transactions that are ▼ dropdown, select Money in or Money out.
- From the All-bank accounts ▼ dropdown choose any bank account you want.
- In the Conditions fields, set whether the rule applies to Description, Bank text, or Amount. Then select Contains, doesn't Contain, or Is exactly to decide how QuickBooks applies the rules.
- Select the Transaction Type, Category, Tags, and the Payee to apply.
- Hit Save.
After completing these steps, make sure that the Auto Add feature is enabled. This will allow your transactions to be automatically accepted and added to your books. Please note that only future transactions will be automatically categorized; transactions currently in your For Review tab will not be affected.
For further information on setting up rules and reviewing recognized transactions, you can refer to the article: Set up bank rules to categorize online banking transactions on QuickBooks Online.
Additionally, if you want to reconcile your account after successfully setting up your transactions, check out this article: Reconcile an account in QuickBooks Online.
If you have any additional questions about setting up rules, categorizing transactions, and reconciling your bank, don't hesitate to click the Reply button below. I'm here to help!
