Reclassify transactions
The Reclassify transactions feature is not new. However, in the past, it was only available for accountant users; now it is available to admin users who have a QBO Advanced subscription. The Reclassify transactions feature allows you to modify a batch of transactions all at once. For example, if you find that the expense account for checks written to a vendor has been categorized incorrectly, you can use Reclassify transactions to make the correction for a batch of checks at once.
Follow the steps below to access the Reclassify transactions feature:
- Click on the gear icon and select Reclassify transactions, as shown below:
Figure 17.41: Selecting Reclassify transactions
- The following screen will appear:
Figure 17.42: The Reclassify Transactions screen
A brief explanation of the information required in this screen is as follows:
- Account types: From the dropdown, you can select profit and loss accounts...